Infrastructure investment on the rise, says survey
Infrastructure contractors are warning against complacency after workloads in the sector jumped up to a six year high. The warning follows the results of the Civil Engineering Contractors Association (CECA) workload trends survey for Q3 2013, which reveals a significant rise in the number of companies reporting increasing activity.
According to the survey, 58% of firms are seeing more work in the past 12 months than the same period a year ago. Just 14% reported falling workload, producing a balance of 44%. CECA said this is "a massive rise" on the figures for Q2, where the balance was –2%.
Workload figures have been in the red throughout much of the downturn. The last time figures were more positive was in 2007.
Contractors expect these positive conditions to continue, with a balance of 40% predicting they will have more work in a year’s time than now.
CECA director of external affairs Alasdair Reisner welcomed the boost to activity, but warned that concerns remained for the sector. He said: “After the challenges of recent years it is encouraging to see some real growth in workload for the UK’s civil engineering contractors.
“We recognise that this growth has been supported by the actions of government, which has worked with industry to unlock vital infrastructure investment projects across the country. However it is essential that as the wider economy returns to growth, there is no loss of focus on the continuing need to invest in our national transport and utility networks.
"A booming economy does not remove the need to tackle congestion and energy security – in fact it makes tackling these issues even more critical.”
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