“Two-speed” covid recovery as building lags infrastructure
Contractors are raising concerns over a “two-speed” recovery post lockdown with commercial construction lagging behind infrastructure.
Prime Minister Boris Johnson is set to unveil major infrastructure investment plans this week to “get Britain moving again” as the Covid-19 pandemic eases.
The announcement will intensify fears among general contractors that they are being forgotten.
Johnson is looking to fast-track work on new schools, hospitals, housing, road and rail infrastructure.
Infrastructure contractors have survived lockdown in better shape than general building firms with fewer civils sites shutting down.
Murphy is reinstating full pay for staff after it “performed well” during lockdown as is Laing O’Rourke.
Highways and civils specialist Kilkern and its subsidiary Vac UK are also predicting an increase in turnover this year as many infrastructure sites have been operating continuously.
updated: 01/07/2020
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