india π Bitumen price hike messes up Kochi road repairs
Soaring bitumen prices are severely impacting road construction projects across Kochi. This issue affects motorists as local bodies struggle with the cost escalation of ongoing infrastructure work. From March 5th to September 16th, the price rose by βΉ4,822 per 156-kg barrel. Kochi Corporation is now looking at approving extra estimates to manage the price gap in ongoing projects. The state has around βΉ1 lakh crore in works underway, and a wider directive is awaited from the Finance department. π§