THE Construction Industry Federation of Zimbabwe (Cifoz) president Daniel Garwe has said government should guarantee support to the construction industry regardless of the capacity it would be operating at.
In an interview with businessdigest this week, Garwe said government must guarantee support to the construction industry for it to play an important role in stabilising the economy by â€œbeing at the forefront of making available the required infrastructureâ€.
â€œSupport from government would increase the industryâ€™s operating capacity to levels that can boost other industriesâ€™ operations. It is a pity that the brick and mortar business is not given priority or taken serious in this part of the world,â€ he said.
Garwe said a stable infrastructure ensures that all other sectors of the economy perform better.
â€œThere is need for recapitalisation of the industry. We (Cifoz) are intertwined with all industries in the country. An attractive infrastructure boosts sectors such as tourism, mining, transport and communication,â€ he said.
Garwe said the state of construction industry the world over determines the success of an economy and the same should apply in Zimbabwe.
Between 2000 and 2008, the industry â€” widely seen as a barometer of how well a countryâ€™s economy is doing â€” recorded the biggest decline compared to other sectors of the economy.
This shrinkage, which left a trail of destruction in the form of company closures and retrenchments, was precipitated by the hyperinflationary scourge which rendered the local currency moribund.
Deputy Prime Minister Arthur Mutambara kept the industryâ€™s hopes alive three month ago when he told members of the Cifoz that the revival of the sector will show that Zimbabwe is working again.
Public Works minister Theresa Makone said her ministry was ready to work with the Zimbabwe Construction Industry Council (ZCIC) to effectively liaise in the formulation and adoption of general policy framework that governs the expansion of the industry.
Makone said her ministry would champion the ZCIC Bill to become an Act of parliament.
â€œThere is no doubt ZCIC is waiting for this Bill to become a reality and industry should be able to defend this bill once in motion. This law is there to ensure that Zimbabweans will be able to regulate the industry without fear and favour,â€ she said.
Â â€œThere is need for ZCIC to continue educating members that money is not made by one job but by volumes. Pricing systems should be well-known by contractors who must employ qualified personnel for business to be competitive,â€ Makone said.