Productivity and capability fund gets S$55m boost

Singapore

PRODUCTIVITY in Singapore's construction sector has been improving, but it is still not up to a par with what the government has in mind.

To narrow the gap, an additional S$55 million has been allocated to the Construction Productivity and Capability Fund (CPCF), along with a slew of other incentives that were announced by Grace Fu, Minister in the Prime Minister's Office, at the opening of the Singapore Construction Productivity Week (SCPW).

The fresh allocation of funds will "kick-start this transformation" and bring the total funding in CPCF to S$335 million, said Ms Fu, who is also Second Minister for the Environment and Water Resources and Foreign Affairs. According to the Building and Construction Authority (BCA), more than S$240 million of this has a…