Construction costs to grow in 2006

Construction costs to grow in 2006
Published: 10 April 2006

Construction costs in Latvia could grow 12-15 per cent this year, said Viktors Purins, president of the Latvian Builders Association. He said that construction costs were likely to grow over increased costs of construction machinery maintenance and energy resources that would push up prices for construction materials.

Cement and metal prices as well as wages to employees in the construction industry are also expected to rise this year.