Roads and railways to liven up Czech construction sector

EU funding for transport infrastructure construction has been secured, and demand for residential space is on the rise. Added to a recovery in demand for office and industrial space, the Czech construction industry is well set to kick start a period of stable growth from 2015.
Transport infrastructure construction is expected to see improvements in the coming years. Especially after the government came up with a series of proposals and strategic plans in 2013 that will impact on this sector in the years to come. In November 2013, the government approved a nationwide strategy for the construction of roads, rail, and water infrastructure by 2020. The strategy is laid out in a major document to be used to attract the necessary EU funding and foresees an annual spend of at least €2.6bn by 2020 on transport infrastructure construction.

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