Material prices put construction sector under threat 

United News of Bangladesh | Published: 19:01, Mar 29,2018


Bangladesh Association of Construction Industry on Thursday threatened that they will stop all construction activities if the government does not take necessary steps to bring down the prices of rod and cement to a tolerable level by April 15.

‘We urged the government to identify the syndicate behind it. Otherwise we will be bound to stop all development and construction activities,’ Munir Uddin, president of the organization, said at a press conference held at Dhaka Reporters' Unity auditorium.

The construction industry reached a standstill due to the unusual price increase, he further said.

BACI member Shafiqul Haque Talukdar read out the written statement saying, ‘Construction companies' contribution to the country's GDP is about 9 percent. But, due to the continuous price hike over the past few months, construction works in the whole country become slower, some of them even closed.’

He alleged that the country's manufacturing companies are continuously raising prices as there is no rules and regulations in the sector.

Rod related works in any infrastructure construction is 20 to 25 percent. So, if the value of MS Rod increases, the cost of construction of the entire structure increases by 7% to 8%, he said.

‘So if the prices continue to rise, it is not possible for us to continue our ongoing works. If such situation prevails, we will be forced to stop all construction works from April 15,’ he said.

Among others, former presidents of the organisation Sheikh Md Rafiqul Islam, Shafiqul Alam Bhuiyan, Atiqur Rahman and Aftab Uddin Ahmed and former vice-president SM Khorshed Alam were present.

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