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Essay text:
Furthermore, the industry is expected to get a boost from the six-year Challenge 2008 Development Programme, which involves an investment of about US$75bn for the construction of new research facilities and infrastructure.
However, Taiwan's construction industry faces its share of challenges in the form of labour shortages, lack of transport links with China and heavy concentration, with the top 25 contractors controlling nearly 80% of the industry. There is also a need to expedite the dispute settlement process to prevent foreign investors from losing interest in Taiwan. Furthermore, with several Taiwanese players involved in projects in mainland China, any instability in the diplomatic relations between the two could have serious ramifications on Taiwan's domestic infrastructure sector...
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