they should still contribute significantly to increasing the capacity and labour productivity of the building and civil engineering industries (10).
5.14
The
Figures are not yet available for making a meaningful assessment of the growth in building and civil engineering output in the first half of this year. But in the public
sector a rapid growth rate, close to the 24% forecast at the
(11), beginning of the year
is likely to be achieved.
public works programme includes the provision of public housing (aiming at 40 000 flats a year up to 1985) and work on
such large civil engineering projects as the Island Eastern
Corridor road and the Island Line of the Mass Transit
Railway. As for output in the private sector, the present
property market does cast some doubt on the
state of the
/ possibility
(10)
Retained imports of construction machinery
$Mn
Year-on-year growth rate in money terms (%)
1978
1979
1980
1981
1982 Jan-Jun
(11)
178
-7
239
34
265
11
467
76
216
-12
Estimates of expenditure on building and construction
At constant (1973) prices ($Mn)
Private
Public*
Total
1977
2,888
(27.8)
2,283 (41.9)
5,171
(33.7)
1978
2,813
(-2.6)
2,866 (25.5)
5,679
(9.8)
1979
3,082
(9.6)
2,850
(-0.6)
5,932
(4.5)
1980+
3,822
(24.0)
2,819
(-1.1)
6,641
(12.0)
1981++
3,930
(2.8)
3,011
(6.8)
6,941
(4.5)
1982+++
4,240
(8%)
3,730
(24%)
7,970
(15%)
Note:
Including MTR
()
+
++
封
Revised preliminary estimates
Percentage change on preceding year Revised provisional estimates
Budget forecast
43
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