We're now moving into the really big permanent housing phase.
As we know, there are still problems with the labor regulations, tax laws, infrastructure and red-tape bureaucracy.
Our strong view is that private investment will surge in the second half.
If someone had said to us a year ago: 'Would you be happy with investment growth of 15 percent over a year and investment to GDP rising from less than 20 to approaching 23 percent of GDP in the first year? Would you regard that as success?' I think almost everybody would say that is a pretty good first year's work.
Whilst it was a slow start, I think most people feel that going into 2006, things are going to be better.
The year 2006 is not going to be the year we had hoped it to be last year.
The mistake that was made was not paying enough attention to temporary housing.
There are still 60,000 people in tents today and that's clearly unacceptable a year after the tsunami.
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