The country’s construction costs for infrastructure, like roads, are equally often affected by benchmark pricing, which is based on U.S. dollars. Other imported inputs like steel, aluminium, among others, play a huge part in the associated construction costs. “Also, Arcadis, a global engineering and consulting firm, in their 2020 International Construction Costs Report listed 100 cities with the highest construction costs. “Unfortunately for operators, the cost of building materials is a major component of the overall construction cost of a building. He stressed that the use of Euro-based prices by foreign construction firms often made construction costs higher.

Source: The Guardian July 23, 2020 03:56 UTC