Construction Sector Set to Miss Growth Target

[The Herald]

THE growth forecast of 50 percent by year end for the construction industry will be difficult to attain due to the liquidity crunch facing the country which has seen a decline in activity in the sector, an official said on Tuesday. The industry, which is currently operating at 32 percent capacity, registered a 1 percent growth in 2011 with stakeholders expressing optimism that the situation would be better this year when the funding situation was expected to improve.