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CChC urges government to unblock investment projects, face construction crisis

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“The construction industry is entering a complex period,” the union said, calling for radical public-private partnerships.

of Chilean Construction Chamber (CChC) has urged the government to unblock investment projects and face the construction crisis. This is to help overcome the housing shortage, among other things.

The above occurred during the launch of EDIFICA, an international construction fair attended by the President Gabriel Boric Font; Carlos Montes and Juan Carlos García, Ministers of Housing, Urban Planning and Public Works private sector representatives and members of the CChC;

In his opening remarks, the Guild President said, Antonio Errazuriz as he pointed out, “The construction industry is going through complicated times.” .

To address this, he argues that margins for the more than 700,000 companies that make up the sector are ” 37% increase in material cost Added to this are increased credit costs and the loss of dynamism in setting up and selling projects. ”

Along these lines, he appreciated the government’s willingness to find answers together. State guarantees underfoot on housing and an increase in the budget for public infrastructure works.

Construction leaders have proposed solutions to problems affecting the industry.

“requirement Reduce bureaucracy and unblock investment initiatives in progress. Approve special realignments of ongoing public infrastructure construction contracts, create special financing lines, and improve existing judicial restructuring mechanisms.

He also appreciated the forthcoming creation of “an agenda aimed at increasing the productivity of the economy and our sector”. This is a clear weakness we have as a country. I told you before, Advancing to the productivity levels of OECD countries could build 52,000 homes or pave 1,500 km of roads per year. ”

Erazuriz called for radical cooperation between the public and private sectors to work together for the solutions the country demands.

“We want Chile to do well and change has to happen. There is no doubt about that. It must be done with an eye to the needs of the citizens, without being pursued,” he concluded.

Source: Biobiochile

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