Skip to main content

Australian highway project receiving government financing

Financing is being provided by Australian Government for the Pacific Highway upgrade project. In all some US$3.6 billion (A$3.56 billion) of Federal Government funds will go towards the works on the condition that the New South Wales State Government provides an equal amount. In all $7.2 billion will be needed to upgrade the Pacific Highway.
May 11, 2012 Read time: 1 min
Pic: Ozimax
Financing is being provided by Australian Government for the Pacific Highway upgrade project. In all some US$3.6 billion (A$3.56 billion) of Federal Government funds will go towards the works on the condition that the 5498 New South Wales State Government provides an equal amount. In all $7.2 billion will be needed to upgrade the Pacific Highway.

For more information on companies in this article

Related Content

  • UK government pledges pothole pounds
    April 9, 2018
    The UK government will hand out to a number of councils in England extra money for pothole repairs, said Chris Grayling, transport secretary. Around €125 million will be shared out, with the south-west county of Devon getting the lion’s share – nearly €5.2 million. The funding is in addition to €86 million Pothole Action Fund and the almost €7 billion set aside for improving local roads across the entire UK.
  • Piling starts in Parkes for bypass project
    October 20, 2023
    Two new bridges are part of the US$120 million Parkes Bypass Project in the Australian state of New South Wales.
  • Sydney’s massive transport project
    July 23, 2019
    The proposed Western Harbour Tunnel and Beaches Link project in Sydney, Australia is coming in for renewed focus. Financing institutions are being invited by the New South Wales State Government to enter discussions over providing backing for the project. The new route will be one of the largest motorway construction projects for Australia should it get the go ahead. The work could cost US$9.9 billion (A$14 billion).
  • New South Wales roads development
    June 30, 2022
    New road works are planned for New South Wales in Australia.