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August 14, 2008-NEWS RELEASE
ICBA Commentary: Major Projects Inventory
VANCOUVER -- The Independent Contractors and Businesses Association (ICBA) offered the following commentary on today's release of the B.C. Major Projects Inventory.
“We are pleased to see an increase in the number of major construction projects in B.C., as this is a positive sign that there will be construction activity beyond the Olympics,” said Philip Hochstein, President of the ICBA. “While the economy is still sound, there is no doubt that the construction market has cooled somewhat from the frantic pace of the last few years, and we are now in a buyers’ market.”
Hochstein added that provincial and municipal governments have been astute in holding back on some major infrastructure projects while the market was overheated, but now would be the perfect time for the public sector to launch major projects.
“B.C.’s construction industry now has the capacity to take on new public sector infrastructure projects,” he said.
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About ICBA
ICBA services and represents B.C.’s construction sector. ICBA’s members — who include both the Industrial, Commercial and Institutional (ICI) and residential construction sectors — are involved in virtually all major capital projects in British Columbia. www.icba.ca.
For more information, contact:
Philip Hochstein, President of the ICBA
Tel: 604-561-9402
| ICBA is the voice of BC's construction industry. For further information, or if you have any questions or comments regarding this article, please contact ICBA. |
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