Mah provides sneak peek of revived projects to be announced on Budget Day MORE deals up for grabs, less money required upfront and subsidised courses to groom local talent these are some of the initiatives that small-time construction firms can keep their eyes peeled for come Budget Day next week. The sneak peek, provided yesterday by National Development Minister Mah Bow Tan, brought cheer to struggling...
Public Projects
The Singapore government will roll out public sector projects worth up to S$50 million each from the middle of this year. It had earlier deferred projects amounting to S$4.7 billion to ease pressure on the construction sector. The government said the upcoming projects are expected to attract small and medium-sized contractors. National Development Minister Mah Bow Tan said: "The big contractors have...
National Development Minister Mah Bow Tan said the postponement of up to S$3 billion worth of public construction projects will not affect housing estate upgrading programmes. As for new flats offered in mature estates being many times oversubscribed, Mr Mah said the HDB is already ramping up its building programme. At a community event on Sunday, the minister also gave the assurance that his ministry...
The pace of cost increases has been rapid and unsettling for businesses so the government is implementing key measures to address office space constraints and spike in construction costs. Construction demand will continue to build up this year, with projected value of contracts to hit up to S$27 billion. At the same time, construction costs are climbing as well. Finance Minister Tharman Shanmugaratnam...