Bengaluru road works worth Rs 1,500 crore hit by rise in bitumen prices

Road infrastructure projects in Bengaluru worth around Rs 1,500 crore have slowed or come to a halt due to a sharp increase in bitumen prices.

Bitumen prices have risen from around Rs 45,000 per tonne to Rs 65,000 per tonne, affecting the viability of ongoing works. Contractors have cited the increase as a key reason for pausing projects.

The projects are being executed under fixed-price contracts, limiting the ability of contractors to absorb the rise in input costs, reported The Times of India.

Authorities are examining options to address the issue, including possible revisions in project costs and supply arrangements.

The slowdown in road works is expected to impact infrastructure timelines in the city.