Logo of Phnom Penh Post newspaper Phnom Penh Post - Construction approvals fall 71pc in first half

Construction approvals fall 71pc in first half

Construction approvals fall 71pc in first half

THE value of construction approved by the government has fallen 71.14 percent in the first half the year, according to official figures released by the Ministry of Land Management Urban Planning and Construction yesterday. The government approved 1,094 construction projects worth a combined US$329 million in the first six months of 2010, down from the 1,142 construction projects worth $1.1 billion approved for the first half of last year. “The construction sector is still struggling,” Lao Tip Seiha, Ministry director, told the Post.

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