RM200bil in Construction Jobs to Be Given Out This Year
The Star Online, Photo Credit to The Star Online
clock 19-09-2017
hit 2,011

The value of construction jobs to be given out in the country in 2017 is projected to be around RM200bil, compared to RM229bil in 2016.


Penang Master Builders and Building Materials Dealers' Association (PMBBMDA) immediate past president Datuk Lim Kai Seng said this was because the bulk of the government projects such as the Pan-Borneo Highway in Sabah had already been awarded in 2016.

From January to June 2017, the value of of construction jobs awarded in the country contracted to RM40bil, compared to RM58bil achieved in the same period of 2016, according to the latest Construction Industry Development Board (CIDB) report.

Of the RM40bil, some RM6bil came from the government sector, while the private sector generated the remainder.

"During the six months period, some 2,133 jobs were generated from the contracts awarded out, compared to 2,179 for the same period in 2016.

"However, we can still expect the value of jobs to be awarded for 2017 to hit around RM200bil. "We are expecting more jobs from the federal government sector to come in during the final quarter of 2017.

"This would include contracts from projects such as the second phase of the RM21bil Kajang to Sungai Buloh LRT project which stretches 51 km" he added.

In Penang, Lim said the association was forecasting about RM8bil worth of jobs to be given out in 2017, which was achieved in 2016 and 2015.

"For the first six months of 2017, the value of construction jobs given out in Penang was RM2.86bil, compared to RM1.68bil in the same period of 2016.

"The number of jobs generated was 187, compared 168 in the same period of 2016. "Of the 187, some 39 are government projects, while the private sector jobs are 148" he added.

On the pricing of steel, Lim said there was currently a shortage of steel, which had caused prices to spiral upwards.

"The price of steel bars is now hovering at around RM2,700 per tonne, compared to RM1,900 per tonne in September.

"The price of cement has also increased to about RM17 per 50kg bag from RM11.60 per 50kg bag in early 2016" he added.




WHAT DO YOU FEEL ABOUT THIS?

0
LOVE
0
HAPPY
0
SURPRISED
0
SAD
0
ANGRY


COMMENTS
Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment.

SIGN UP NEWSLETTER

logo
Monthly Column
The staple of your property-related materials. It's all about being ahead of the game and with The Column, you get carefully selected information that will keep you informed and running with the pack. The best news, articles and properties on the market from the Property Hunter portal, conveniently wrapped and ready, just for you.

logo
Weekly Window
Your weekly dose of what's hot and what's not in property. The window is your view into the realm of real estate in Malaysia, curated from our portal based on the most popular pieces over the week. For those who just can't get enough, this is for you. Ain't nobody got time for dailies anymore, weekly is the new daily.