Thu, May 04, 2006 - Page 4 News List

Taiwan Quick Take: Gravel shortage addressed

The Executive Yuan has set up a panel to address a gravel shortage and to prevent hoarding and price hikes of the construction material, Government Information Office Minister Cheng Wen-tsang (鄭文燦) said yesterday, quoting remarks made by Premier Su Tseng-chang (蘇貞昌) during a weekly Cabinet meeting. Su said in the meeting that a task force had been established under the Executive Yuan to deal with the serious shortage of gravel that has driven prices sky-high and has led to hoarding, according to Cheng. Cheng said the premier also instructed the Water Resources Administration to step up the pace of river dredging in specific zones to help meet strong demand for gravel. China, one of Taiwan's major suppliers of gravel, announced on March 13 that it would halt its gravel exports from May 1.

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