Feb 28, 2013

Bermuda’s regulations must be streamlined in the face of dwindling prospects for the Island’s construction industry.

Construction Association head Charles Dunstan said members were concerned one of the local companies might go under once the big projects currently are completed.

“I don’t want to be involved in scaremongering, but people need to know there’s nothing much on the horizon,” he said. “Big general contractors are going to be struggling.”

With the new hospital wing to be finished in a year, Mr Dunstan said, Government needs to help pick up the pace of development.

He told The Royal Gazette: “What we’re hearing from some large scale potential developers, especially those from overseas who aren’t familiar with the local regulatory landscape, is the process can be quite disjointed.”

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