More infrastructure investment needed in B.C., says construction association

  • 📰 BurnabyNOW_News
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 77%

United States News News

United States United States Latest News,United States United States Headlines

High cost of materials and labour contributing to unaffordability, says BCCA

Declining investment in major infrastructure projects is “alarming,” according to a new report from the B.C. Construction Association .

BCCA president Chris Atchison said there is a great need for more hospitals, schools, multi-unit housing, bridges and supporting infrastructure across the province. High labour costs and workforce shortages are also concerning, Atchison said, since they contribute to steep prices for homeowners and renters. There has been a seven-per-cent decrease in the number of workers in trades jobs since 2019, according to the BCCA. The association also estimates that 6,600 construction jobs will be unfilled by 2033.

In addition to high construction and labour costs, the BCCA president also cited high prices for materials, supply chain disruptions and poor procurement practices as factors in exorbitant shelter costs. “Any increased risks that need to be borne by the contractors and the business community, those risks are going to be passed on by way of risk premiums to the owners as well,” Atchison noted.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

More infrastructure investment needed in B.C., says construction associationHigh cost of materials and labour contributing to unaffordability, says BCCA
Source: PGCitizen - 🏆 65. / 51 Read more »