XN000022-1995-10-20 — Page 25

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Provisional estimate of the gross value of construction work performed, measured at constant (1990) market prices in the second quarter of 1995 was 1.3% higher than in the second quarter of 1994.

The gross value of construction work performed at private sector sites in the second quarter of 1995 totalled $8.8 billion, and was 3.1% lower than in the second quarter of 1994.

Over the same period, the gross value of construction work performed at constant (1990) market prices dropped by 8.7%. 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 $9.6 billion, remained on a strong uptrend.

It showed a substantial increase of 48.2% over the second 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 40%.

The gross value of construction work performed by general contractors at locations other than construction sites was $3.9 billion, which was 9.1% lower than in the second quarter of 1994.

When measured at constant (1990) market prices, the corresponding decrease was 19.6%. 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 0.9% lower than in the second quarter of 1994.

When measured at constant (1990) market prices, the gross value of construction work performed by these contractors was 17.6% lower than in the second quarter of 1994.

Analysed by end-use, transport projects, which covered airport construction projects. for the first time accounted 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 $5.6 billion, representing an increase of 29.6 over the second quarter of 1994.