Road Projects Drag As Forex Hike Raises Bitumen Price By 150%

Road Projects Drag As Forex Hike Raises Bitumen Price By 150% …C0NTINUE READING HERE >>>

Most road construction projects across the country are lagging behind while some are currently suspended as foreign exchange (forex) volatility has triggered a hike in the price of bitumen, a critical component in road construction, LEADERSHIP learnt.

This development has led to adjustments in the funding of road construction projects, with some projects having their delivery dates postponed as a result. Bitumen, a major component used in the production of asphalt, has increased by…

>

Leave a Comment