Construction Entrepreneurs Federation Warns of Nationwide Construction Halt Over Price Hikes
Summary
The Federation of Construction Entrepreneurs warns of a nationwide halt in construction work within a week unless price adjustments are made due to soaring fuel and material costs worsening the industry's crisis.
Key Points
- The Federation of Construction Entrepreneurs warns of halting all construction work nationwide within a week if demands are not met.
- Price hikes in fuel and construction materials have made continuing work at old rates impossible.
- Only 27 percent of the capital expenditure allocated in the current fiscal year's budget has been spent so far, indicating economic difficulties.
- The Federation objects to government actions against entrepreneurs and demands price adjustment policies and an end to intimidation.
