Construction giant BAM urges government to act on house building
Dutch NewsThe Netherlands’ biggest construction group, BAM, has urged the cabinet to take measures to get housing construction back on track, saying government targets are unlikely to be achieved. BAM’s chief executive Ruud Joosten said at the presentation of the company’s first half figures that the cabinet needs to do more to make sure enough homes are built. “Sales are going down and that is a real shame because there is enormous demand for housing.” In particular, high interest rates and the increased cost of building materials are causing problems, he said. “It is hard to accept the fact that we are incapable of building enough homes for people who move here and for youngsters looking for a place to live.” Housing minister Hugo de Jonge said before the summer that more money would be made available to stimulate construction plans and to build temporary homes. BAM booked first half profits down 30% at €60 million, in what Joosten described as a “satisfying operational performance”, despite the challenging market situation.
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Construction giant BAM urges government to act on house building
Dutch News
€235 million loss for construction company BAM
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