NALED: State Paying its Dues Crucial for Construction Sector | Beta Briefing

NALED: State Paying its Dues Crucial for Construction Sector

Source: Beta
Archive / News | 27.04.20 | access_time 17:40

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The National Alliance for Local Economic Development (NALED) stated on April 27 that construction, accounting for some six percent of GDP and reporting a growth rate of 35 percent last year, was one of the major driving forces behind Serbia's growth, which was why the sector should be supported by special measures to overcome the consequences of the coronavirus outbreak.

The NALED's Alliance for Property and Urban Planning designed and sent to the competent ministry 20 recommendations as to how to support the construction industry, including measures for the transportation sector, strongly affected by the crisis.

Among the key proposals is a request that the state and state-owned companies should immediately cover their debt to construction companies involved in infrastructure projects. Also, it's necessary to extend the validity of construction licenses, because they were unable to pay transfers for land urbanization, report their works or get a use permit.

The Alliance suggested that no-interest loans should be offered to support cities and municipalities to continue infrastructure projects. The estimate was that a useful way to support the construction firms was to make it possible to buy construction materials and pay for it later, and postpone the payment of energy bills.

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