High bitumen rates press the pause button on road laying works
Road repair projects in Chennai have stalled due to a sharp increase in bitumen prices linked to global crude oil fluctuations. Contractors have halted work, citing potential bankruptcy, leading to significant delays in infrastructure maintenance.
Why it matters
Rising infrastructure costs and stalled public works directly impact urban mobility and public safety for city residents.
Work to relay damaged roads in and around the city has been disrupted owing to an increase in bitumen prices in the past few months. The prices of bitumen variants, which is the major item used in road laying, have especially gone up due to the war in West Asia as the cost of crude also went up. Bitumen is a byproduct of crude.
The article provides a balanced view of the economic causes and the resulting impact on both contractors and the public.
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