$540.4m of total construction work estimated last year
9 April, 2018, 12:00 am
THE total estimated value of construction work put in place in the country last year was $540.4 million, the Fiji Bureau of Statistics (FBoS) noted.
In its construction statistics for the December quarter and annual released recently, the bureau further noted that the total value of construction work put in place was up by 5.2 per cent ($26.5m) compared with 2016. The statistics were from the quarterly construction surveys which cover work carried out by all registered private building and civil works contractors for both the private and the general government.
According to the FBoS, then total value of new buildings and capital repairs was up by 11.7 per cent ($29.4m) compared with 2016.
The spur in growth in the local construction sector from the rehabilitation works after Tropical Cyclone Winston was still evident with total current repairs and maintenance up by 7.2 per cent last tear ($2.6m) when compared with the year earlier. Total civil engineering works however declined by 2.4 per cent ($5.5m) when compared with 2016.
Meanwhile, in the December quarter, the total estimated value of work put in place was $140.3m. The bureau stated that this was an increase of 3.3 per cent ($4.4m) when compared with the earlier September quarter last year. It also saw an increase when compared with the December quarter of 2016, registering a rise of 5.2 per cent ($7m).
In the total estimated value of works last year, the majority of the chunk went to the private sector holding 66.1 per cent.
Total value of work done attributed to the private sector was up by 2.7 per cent ($2.4m) when compared with the September quarter of the same year. When compared with the December quarter of 2016, the private sector total value of work was also up by 14.3 per cent ($11.6m).
General government works were at 33.9 per cent of the total value of construction works in 2017, which registered an increase of 4.4 per cent when compared with the earlier September quarter. It however registered a 8.8 per cent decline when compared with the same December quarter of 2016.