The Ceylon Institute of Builders (CIOB) extends its gratitude to the President of Sri Lanka for favorably considering one of its budget proposals to appoint an expert committee to resolve construction issues arising from the COVID-19 pandemic and subsequent economic crisis.
*In a significant move to address the challenges faced by the construction industry, the President’s decision to prioritize the establishment of an expert committee demonstrates a proactive approach to mitigating the impact of the ongoing crisis on the sector.
“The construction industry, like many others, has been significantly affected by the pandemic and the economic downturn, leading to a range of complex challenges that require strategic interventions,” CIOB said in a release. CIOB applauds the President’s commitment, the Minister of Construction, Secretaries and the officials of the Ministry of Construction and the Finance and the CIDA officials for their understanding and addressing the specific needs of the construction industry during these unprecedented times.
“By recognizing the importance of providing targeted support and solutions, the President has shown exemplary leadership in prioritizing the welfare of the construction sector and its workforce.”
The appointment of an expert committee to address construction-related challenges will undoubtedly contribute to the industry’s resilience and recovery. It reflects a collaborative and forward-thinking approach that aligns with the Institute’s vision for a sustainable and thriving construction sector in Sri Lanka.
CIOB looks forward to working closely with the appointed expert committee and the government to contribute expertise and insights that will help navigate the industry through these challenging times. The Institute remains committed to supporting initiatives that promote the long-term growth and stability of the construction sector, and welcome the opportunity to collaborate with all stakeholders in achieving these shared objectives.
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