The record
Written by software from the 1 report below. The points restate them; where one says why it matters, that is Prism's reading, not a reported fact.
- Bitumen prices have increased by over 40% since March due to ongoing conflicts in West Asia.
- The Kochi Corporation is seeking ways to bridge the funding gap for road projects caused by these higher material costs.
- Contractors are currently waiting for the Finance department to issue a directive allowing for cost adjustments on local government contracts.
- Deteriorating road conditions and poor-quality restoration are significantly impacting traffic and motorist safety.
What to watch next
- Potential issuance of a Finance department directive regarding excess costs for local body projects.
- Kochi Corporation's final decision on permitting additional estimates for road work agreements.
- Future impact of ongoing West Asian conflicts on local bitumen supply prices.
Who said what4
Only words found exactly in the article are shown, attributed and linked to the line they came from.
P.C. Ajithkumar
1 quote · 1 outlet
“Roads along stretches like Durbar Hall Ground, Vytilla Junction, and Valanjambalam are in bad shape, holding up traffic and causing frequent logjams. The bulging along metro pillars is another threat, especially for two‑wheeler riders who often meet with accidents”
In the article
…the price has risen from ₹10,093 per 156‑kg barrel on March 5 to ₹14,915 on September 16 - an increase of ₹4,822. During the same period, the per‑tonne price climbed from ₹61,126 to ₹85,955, marking a rise of ₹24,829. “ Roads along stretches like Durbar Hall Ground, Vytilla Junction, and Valanjambalam are in bad shape, holding up traffic and causing frequent logjams. The bulging along metro pillars is another threat, especially for two‑wheeler riders who often meet with accidents ,” said P.C. Ajithkumar, general secretary of the Ernakulam District Residents’ Associations’ Apex Council. Seized of the crisis, the Kochi Corporation is exploring the possibility of allowing additional estimates to…
T.K. Asharaf
chairperson of the works standing committee
1 quote · 1 outlet
“An arrangement will be made in consultation with the Mayor to permit additional estimates for the completion of road works. BMBC road works [Bituminous Macadam and Bituminous Concrete standards] are under way in every Corporation zone”
In the article
…Associations’ Apex Council. Seized of the crisis, the Kochi Corporation is exploring the possibility of allowing additional estimates to bridge the gap between the original agreement and the current price variation. “ An arrangement will be made in consultation with the Mayor to permit additional estimates for the completion of road works. BMBC road works [Bituminous Macadam and Bituminous Concrete standards] are under way in every Corporation zone ,” said T.K. Asharaf, chairperson of the works standing committee. “The shoddy nature of road restoration works carried out by agencies like the Kerala Water Authority and energy and cable companies has left many roads…
Jayadeep Narasimhan
senior private company executive
1 quote · 1 outlet
“The shoddy nature of road restoration works carried out by agencies like the Kerala Water Authority and energy and cable companies has left many roads resembling cesspools, adding to motorists’ woes. Agencies managing roads, including the Kochi Corporation, should fine those responsible for poor‑quality restoration”
In the article
…for the completion of road works. BMBC road works [Bituminous Macadam and Bituminous Concrete standards] are under way in every Corporation zone,” said T.K. Asharaf, chairperson of the works standing committee. “ The shoddy nature of road restoration works carried out by agencies like the Kerala Water Authority and energy and cable companies has left many roads resembling cesspools, adding to motorists’ woes. Agencies managing roads, including the Kochi Corporation, should fine those responsible for poor‑quality restoration ,” said Jayadeep Narasimhan, a senior private company executive. Sree Shankar, a bank employee, pointed out that the Thammanam-Pulleppady Road remains in a perpetual state of repair, while the ongoing metro works have…
Sunny Chennikkara
1 quote · 1 outlet
“However, that order applied only to PWD works and does not cover projects of local bodies. We are awaiting a similar directive from the Finance department to cover the entire gamut of ongoing works, since we cannot afford them at the originally agreed rates. Works worth around ₹1 lakh crore are currently under way across the State”
In the article
…of repair, while the ongoing metro works have left the Kakkanad stretch virtually unmotorable. The Public Works department had earlier issued an order permitting excess costs on account of the bitumen price hike. “ However, that order applied only to PWD works and does not cover projects of local bodies. We are awaiting a similar directive from the Finance department to cover the entire gamut of ongoing works, since we cannot afford them at the originally agreed rates. Works worth around ₹1 lakh crore are currently under way across the State ,” said Sunny Chennikkara, general secretary of the All Kerala Government Contractors Association. Price variation is anticipated and factored in for projects with schedules exceeding 18 months, though most works,…
Coverage1
All filed from India
Named India · Kochi Corporation · All Kerala Government Contractors Association · BPCL · Ernakulam District Residents’ Associations’ Apex Council · HPCL · Jayadeep Narasimhan · Kerala Water Authority · P.C. Ajithkumar · Public Works Department · Sree Shankar · Sunny Chennikkara · T.K. Asharaf
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