What steps is the government taking to reduce foreign exchange outflows by allowing up to 35% bio-bitumen mixing
Examine the government's initiative to permit bio-bitumen mixing to save foreign exchange outflows.
- The government has allowed the mixing of up to 35% bio-bitumen in road projects to reduce the use of imported bitumen, thus saving foreign exchange outflows.
- This initiative aims to promote the use of bio-bitumen derived from renewable sources like corn, sugarcane, and vegetable oils, reducing dependency on imported bitumen.
- By encouraging the use of bio-bitumen, the government is supporting the development of alternative, sustainable materials for road construction while also reducing environmental impact.
- This move is part of the government's broader efforts to enhance energy security, promote sustainable practices, and reduce the country's import bill by utilizing domestically sourced bio-bitumen.
Answered
9 months ago