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

  • Investment from Taiwan will boost Guatemala’s transport infrastructure
    July 16, 2013
    Financing from Taiwan will help develop road infrastructure in Guatemala. Both the Taiwanese Government and private Taiwanese sources are supplying funding streams to Guatemala for transport infrastructure development. The Taiwanese Government is donating US$50 million to help improve the section of the Atlantico road connecting Sanarate and El Rancho. Taiwan is also providing a further $50 million in the shape of a loan for the project. This loan will be repayable over a 20 year period. The Atlantico road
    Read More
  • Saving lives, funding roads the focus of IRF – RA Regional Conference in Sydney in May
    April 8, 2015
    Road safety, funding and financing will be among the key issues on the table at the inaugural IRF - Roads Australia Regional Conference for Asia and Australasia, to be held in Sydney from May 4th - 6th, 2015. The Conference coincides with UN Global Road Safety Week, with safer roads, worksites and driver behaviour being a central focus of discussions. Speakers from across the Asia Pacific are expected to share learnings and experiences in tackling regional road safety and the challenges and opportunities fo
    Read More
  • New India coastal highway planned
    February 3, 2015
    A new coastal highway is being planned in India that will connect the north and south of Mumbai. The project is being planned jointly by the Maharashtra State Government and the Brihanmumbai Municipal Corporation (BMC). The US$1.38 billion Nariman Point-Kandivli road project will stretch some 36.5km. The work includes the need to reclaim some 110ha of land, for which a proposal by BMC has been approved by the Maharashtra Coastal Zone Management Authority. The agreement requires that this area of land can on
    Read More
  • Pakistan highway project underway
    May 9, 2016
    Construction work on a major highway project in Pakistan linking Peshawar with Karachi is now underway. Building the section from Sukkur to Multan is expected to take 36 months. Once complete, the six-lane highway will stretch 392km in length. In all the Peshawar-Karachi highway will be some 1,152km long and will also pass through Lahore. Funding worth US$2.89 billion is being provided by the Export-Import Bank of China with the construction work being carried out by China State Construction Engineering Cor
    Read More

Highlighted Content