Philippines: Gov’ projects hit by rising cement prices

Philippines: Gov’ projects hit by rising cement prices
Published: 14 November 2008

The implementation of public infrastructure projects in the Cordillera is being affected by the skyrocketing prices of cement and construction materials caused by the economic slump and aggravated by the global financial crisis.

This was the contention of construction industry stakeholders who belied earlier claims by a multinational cement manufacturer that government projects have been saved by the stable prices of cement.

According to them, the rising prices of cement and construction materials have greatly compromised the implementation of quality public infrastructure projects in the region, thereby sacrificing good workmanship.

Instead of concreting a kilometer of road, the funds allotted for such purpose is just enough for 500 meters. Thus, funds allotted for various projects are no longer sufficient to complete a good project.