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Construction industry hopes for a ‘less protectionist Bermuda’ under OBA

The embattled construction industry says it’s looking forward to a less protectionist Bermuda under the new OBA Government.

New confidence in Bermuda could bring new investment and development, said Charles K Dunstan, Chamber of Commerce divisional chair and president of the Construction Association of Bermuda .

“The change in government confirms a growing maturity of the voting populace in Bermuda,” he said yesterday.

“Voters appear less effected by the fear campaigns of both sides in years past, setting their emotions aside, and exercising their right to analyse the impact of government decision making.

“They have decided that we could not afford to continue on the same path, and need to try a new direction.

“The hope for local businesses in general, and construction in particular, is that this maturity of democracy is a signal to the outside world that Bermuda will be less protectionist moving forward, and a stable place in which to invest and do business. This alone could infuse a feeling of new confidence in Bermuda, which could well attract new investment.”

Mr Dunstan continued: “Obviously, many will be watching closely to see what directions the new government take, and what opportunities are generated.

“Any influx of business and investment will have an effect on development, carrying across all sectors of the economy. Opportunities for development will generate construction business, which will relieve some pressure for our struggling labour force. We stand ready to assist the Government in all their multi-pronged efforts.”

Charles Dunstan

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Published December 20, 2012 at 8:00 am (Updated December 19, 2012 at 8:05 pm)

Construction industry hopes for a ‘less protectionist Bermuda’ under OBA

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