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

  • Investing in East Africa's road sector to boost economic development
    April 14, 2020
    Investments in East Africa’s road sector are helping drive economic development as well as political stability
  • Russia invests in rural road upgrades
    March 22, 2012
    Russia’s road building and upgrading programme is now gathering pace. Russia's Federal Highway Agency plans to bring over 85% of federal roads into conformity with road traffic regulations. The Federal Highway Agency has boosted construction of rural roads by establishing road funds and built over 500km in 2011. The Russian Government plans to allocate nearly US$198 million to build key roads in 2012. The Federal Highway Agency has set road upgrades as a top-priority. Under this plan road bearing capacity w
  • Russia's massive road investment continues
    March 23, 2012
    Russia’s road building and upgrading programme is now gathering pace. Russia's Federal Highway Agency plans to bring over 85% of federal roads into conformity with road traffic regulations. The Federal Highway Agency has boosted construction of rural roads by establishing road funds and built over 500km in 2011.
  • Senegal’s new highway receives financing
    May 4, 2022
    Senegal’s new highway project is receiving necessary financing.