construction_images.jpgThe Construction Industry Federation of Zimbabwe has appealed on government to facilitate for partnerships between local contractors and foreign developers as well as availing more credit lines if the sector is to recover from the downturn faced in the recent past years.  

 

The construction industry which was one of the hardest hit sectors owing to a difficult operating environment resulting from the illegal sanctions imposed on the country by the western world is still to recover despite the positive developments which have taken place in the economy.

 

The Construction Industry Federation of Zimbabwe (CIFoZ) Senior Vice President Mr. Philip Chiyangwa said there is need for government to re-equip the sector through availing lines of credit as well as ensuring that foreign developers partner with local contractors for the growth of the industry.

 

CIFoZ member Mr. Dany Musukuma said government should prioritize the development of the sector in 2010 as the industry is a key indicator of level of economic growth.

 

Revenue constraints have seen government reducing the number of major projects, a move that has worsened the situation for players in the sector.

 

 However government has in the recent past come up with policies geared at improving the fortunes of the sector including the promotion of public private partnerships as well as the Built Operate Transfer BOTs.

2009 could have been a difficult year for players in the construction sector, however there is room for the sector to recover given the fast improving economic climate.