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

  • Brazil’s roads budget faces cuts
    May 14, 2019
    A series of major road projects in Brazil have had their budgets cut. Construction works for 56 motorway projects have seen budgets cut, and in some instances removed altogether. The Brazilian national department for transport infrastructure (Dnit) had a previous budget of US$1.59 billion for road development projects. This has now been cut to $1.04 billion, less than 33% of the budget for 2014. Projects to have been hit include widening the BR-316 in Piau State, widening the BR-364 in Rondonia State, build
  • ALARMing UK road statistics, from the Asphalt Industry Alliance
    March 27, 2017
    Within years, one in six of UK local roads will need repairs or face closure, according to the latest Annual Local Authority Road Maintenance – ALARM - survey. The cumulative effect of an ageing network, decades of underfunding, increased traffic and wetter winters has led to around 17% of all local roads reportedly in poor structural condition, with less than five years of life remaining. The 22nd annual ALARM survey is a comprehensive study into local road maintenance funding and conditions. Loca
  • Two Thai highways approved
    July 3, 2017
    Two major highway projects are getting the go ahead in Thailand. The two highways are expected to cost US$4.18 billion in all.
  • ARTBA calls for more bridge repairs in US
    February 18, 2016
    The American Road & Transportation Builders Association (ARTBA) is calling for more bridge repairs in the US. There are still too many structurally deficient bridges in the US according to a recent analysis. This report states that while there were 2,574 fewer structurally deficient bridges in 2015 compared to the number in 2014, there are still 58,500 on the structurally deficient list. Worse still, at the current pace of bridge investment it will take at least 21 years before these bridges are all replace