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At 5.79 million now, there are nearly two million fewer construction jobs than in late 2006.
He said there were fewer construction jobs, and his creditors were hounding him".
Sacyr and the canal authority still defend the original bid, saying it was cheaper than rivals because their design required fewer construction materials.
He says the winning bid was lower than that of the Bechtel-led consortium because its design required fewer construction materials, and stands by the feasibility of the Sacyr-led project.
Last spring, as the credit crisis started translating into fewer construction loans, Doug Mcdonald, a developer of Carlton Mews, sought out the group after hearing about it from a friend.
While that means fewer construction jobs and more pain for contractors, electricians and other workers, many economists say that housing starts need to remain low to rebalance the gap between supply and demand in the housing market.
Similar(51)
Hochtief's business is 88% international, and it is one of the few construction companies to stay profitable in Germany.
American government officials had stimulus money to spend but, with winter looming, there were few construction projects to fund.
A few construction projects are under way, though locals say many are destined to become housing for Russian soldiers and their families.
One of the few construction projects in Van in recent months has been a renovation and expansion of the town's main hotel.
When I arrived in Taman, the streets, quiet save for a few construction workers, were covered in a dusting of snow, and a freezing wind snapped through town.
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