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

  • EU budget dispute?
    February 28, 2012
    There is both praise and concern in Europe over plans for a new fund to cover transport, energy and telecoms infrastructure projects.
  • Plans in hand for Colombian highway project
    December 5, 2013
    The Colombian authorities have plans in hand for a US$240 million highway upgrade project. In all, 10 groups have been pre-selected for the tender process for the work, according to a report by Business News Americas. The project is for upgrades and improvements to a 173km stretch of the Puerta de Hierro-Cruz del Viso highway. This work includes improvements to access roads in the area, which lies in Colombia’s northern Sucre, Bolívar and Atlántico departments. The country’s infrastructure agency, ANI, has
  • Irregularities found in Puerto Rico airport runway project
    July 31, 2015
    According to a report from Autoridad de los Puertos (AP), the state-owned company responsible for ports and airports in Puerto Rico, the companies hired to repave the runway at the Rafael Hernandez airport, in Aguadilla, have committed alleged irregularities and possible fraud. The two companies, Robles Asphalt and BTB Asphalt, have already been fined US$3.6 million for failures by the Federal Court which to be paid within a five-year period.
  • Bridge safety should become a key US concern
    May 14, 2018
    Bridge safety is a key concern in the US, where so many structures are deficient - *Mary Scott Nabers. There are more than 54,000 structurally deficient bridges in the US. That designation does not mean the bridges are in imminent danger of collapsing, but it does mean that they need immediate attention. That fact becomes more alarming when one realises that every day more than 174 million motorists drive over the nation’s structurally deficient bridges. And, there are no plans for repairing the majority of