Construction market intelligence firm Industry Insight reports that its contractors index fell by 8.1% in September as confidence in the government’s ability to deliver on promises dries up.

Peregrine Capital executive chair David Fraser believes investors are correct to be somewhat sceptical about the infrastructure plan. He said there is almost a need to analyse the list of projects on a project-by-project basis.

Fraser added that Sanral is capable of delivering its projects, but doubts that they are all shovel ready, adding that these are the projects that Sanral put out to tender last year, has almost adjudicated, and just needs to award.

Moneyweb