European builders warn over spending cuts

Article reports that Europe’s leading construction companies have warned November 2009 that rising government debt and the need to cut capital spending will lead to significantly lower levels of state-funded contracts.

The continent’s 100 largest building companies by revenue have issued a stark assessment of the industry’s prospects, with many predicting a halving of government investment, according to a report published on the 27 November 2009 by Deloitte.

European Powers of Construction (EPoC) 2009 is the latest edition of an annual publication from Deloitte identifying the 100 largest European construction companies by construction revenue and providing industry insights into the current marketplace (Report not freely available on the web).