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The gross value of construction work performed at private sector sites in the first quarter of 1995 totalled $8.8 billion, and was 0.6% lower than in the first quarter of 1994. Over the same period, the gross value of construction work performed at constant (1990) market prices dropped by 5.2%. This was partly related to the completion of a number of major private sector projects.
On the other hand, the gross value of construction work performed at public sector sites, at $7.9 billion, remained on a strong up trend. It showed an increase of 17.3% over the first quarter of 1994, reflecting the further intensification of work on the major infrastructural projects. The corresponding increase when measured at constant (1990) market prices was 13.5%.
The gross value of construction work performed by general contractors at locations other than construction sites was $4.0 billion, which was 1.9% lower than in the first quarter of 1994. When measured at constant (1990) market prices, the corresponding decrease was 11.4%. The types of work covered included minor new construction and renovation work at erected buildings and structures.
The gross value of construction activities performed by special trade contractors at locations other than construction sites, comprising mainly electrical and mechanical fitting work, totalled $2.2 billion, and was 8.5% higher than in the first quarter of 1994. When measured at constant (1990) market prices, the gross value of construction work performed by these contractors was 2.8% lower than in the first quarter of 1994.
Analysed by end-use, residential building projects (including commercial/residential (composite) buildings) continued to account for the greatest portion of the gross value of construction work performed at construction sites. The gross value of construction work performed for these projects was $4.8 billion, representing a decrease of 3.2% under the first quarter of 1994.
Transport projects remained the second largest category of construction site work. The gross value of construction work performed for these projects was $4.5 billion. This was 3.9% lower than in the first quarter of 1994.
Commercial building projects constituted the third largest category of construction site work. The gross value of construction work performed for these projects totalled $2.3 billion, which was 23.6% higher than in the first quarter of 1994.
The gross values of construction work at constant (1990) market prices are derived by deflating the nominal values with appropriate price indices to the price level of 1990.