Governemnt Must Continue to Spend Big on Capital Projects to Keep Infrastucture and Construction Industry Buoyent
The Treasury Minister has said the future of the Island’s construction industry and the Island’s infrastructure as a whole depends on Government continuing to invest in capital projects.
She said despite the current financial constraints it is of the utmost importance that millions are poured into the projects.
The budget set aside for projects stands at a slightly reduced but still significant £96 million.
Focussing on construction especially the minister said it’s a highly important part of the Island’s economy, employing 3000 workers and generating 6% of national income.
Capital spending is defined as being a one off investment in a new building or new piece of equipment that will benefit the public.
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