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

  • Indonesia’s key highway project
    January 27, 2022
    Indonesia’s key highway project is well underway.
    Read More
  • Ohio increases bridge maintenance programme
    November 8, 2013
    The US state of Ohio plans to invest US$120 million in repairing and replacing over 200 county and city-owned bridges over the next three years. The funds are being made available through the state’s efforts at overhauling highway funding by reducing overhead costs and improving efficiency at the Ohio Department of Transportation (ODOT). Work is expected to begin on the first 40 bridges next year. ODOT will work with local officials to identify the remaining bridges to repair or replace in the following yea
    Read More
  • Tanami Road to be sealed for 314km
    May 24, 2022
    Sealing part of the 1,077km Tanami Road in Australia’s outback could transform local farming.
    Read More
  • Brazil road financing solutions
    June 24, 2019
    Solutions have been found that will help finance key road projects in Brazil’s Rio de Janeiro State. A combination of road concession packages and PPP agreements are expected to deliver the US$2.16 billion required to carry out the 142 projects needed for key infrastructure work in Rio de Janeiro State. Some of the infrastructure projects are for utilities or waste handling, but around 80% of the works needed for Rio de Janeiro’s southern region will be for road maintenance or upgrades. Key highways in need
    Read More

Highlighted Content