Amsterdam's local authority plans to shelve or postpone a large number of construction projects in the Dutch capital due to the credit crisis, according to city alderman Maarten van Poelgeest. Speaking at a recent city council meeting, Van Poelgeest - who is in charge of planning policy in Amsterdam - said he would seek up to EUR 200 mln in savings on the 400 projects underway in Amsterdam. He said he was not yet in a position to specify which projects would be affected.
Amsterdam's local authority plans to shelve or postpone a large number of construction projects in the Dutch capital due to the credit crisis, according to city alderman Maarten van Poelgeest. Speaking at a recent city council meeting, Van Poelgeest - who is in charge of planning policy in Amsterdam - said he would seek up to EUR 200 mln in savings on the 400 projects underway in Amsterdam. He said he was not yet in a position to specify which projects would be affected.
