Parliament: Construction industry gets $295m to adopt new technology

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Parliament: Construction industry gets $295m to adopt new technology
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Construction industry gets $295m to adopt new technology

  • 📰 The Straits Times
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Construction companies and government agencies will soon get a leg up in adopting new technology, with $295 million to be injected into two productivity schemes.

Of the $295 million, the Productivity Innovation Project scheme will receive $200 million to help companies with solutions which offer at least a 30 per cent improvement in site productivity. The DfMA is a highly productive method of construction which moves traditional on-site work, such as the building of bathroom units, into off-site factory environments.

There will also be a change in manpower policy to lower the cost of hiring workers for productive technologies like those under DfMA.

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The Straits Times /  🏆 8. in KR
 

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