06 Feb 2014 11:30am
WINDHOEK, 06 FEB (NAMPA) The Windhoek Municipality completed and approved more than 5 000 building plans valued at N.dollars 2,9 million in 2013.
The Namibia Statistics Agency (NSA)'s latest sectoral report on building plans issued here on Wednesday said the Walvis Bay Municipality approved and completed 1 300 plans valued at N.dollars 794 000; Swakopmund dealt with 800 plans to the value of N.dollars 374 000, and Ongwediva approved more than 500 building plans valued at N.dollars 207 000.
The report indicated that building plans with a total value of N.dollars 4,3 million were recorded last year for the four selected local authorities.
According to the report, the Ongwediva Town Council was the best-performing local authority with an average index of 246, implying that the value of building plans passed and completed was 2.5 times the value in 2012.
Walvis Bay was in second place with an average of 184, while Windhoek had an average of 121.
It appears that the construction boom in Swakopmund took a dip in 2013, and the value of plans exceeded the value in the year before only slightly in two months - March and April - and ended the year below the value of 2012, with an average of 77, the report said.
The amount of building plans approved and completed is often used as an indicator for the performance of the construction sector, although construction activities include projects for infrastructural development.
While the year started well concerning building plans approved and completed averaging 189 in the first quarter, it showed strong fluctuations throughout the remaining year.
It closed the year at 139, indicating an overall better performance than in 2012.
Although the NSA monitors 24 local authorities on a monthly basis, these four have been selected for the index as they accounted for 95 per cent of the value of all plans in 2011.