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

  • NSW road repairs planned
    January 12, 2023
    Road repairs are being planned in New South Wales, Australia.
    Read More
  • Indonesia planning more highways projects
    January 29, 2016
    The Indonesian Government is looking to source funding for a key highway project from the Asia Infrastructure Investment Bank (AIIB). The funding will be used for the highway connecting North and East Kalimantan. This project is expected to cost US$250 million.
    Read More
  • Financing for Vietnam highway
    December 5, 2023
    More financing is found for a Vietnam highway project.
    Read More
  • Major road widening project for Queensland, Australia
    June 18, 2019
    Road widening work will be carried out in the Australian state of Queensland as part of the Gateway Motorway project. A budget of US$141 million (A$200 million) has been set for the work by the Queensland State Government. Meanwhile the Australian Federal Government will contribute from $564 million to $705 million (A$800 million to A$1 billion) for the project. This latest stage of the massive Gateway Motorway project involves widening the stretch of the route between Bracken Ridge and the Bruce State High
    Read More

Highlighted Content