Decline in Australia's coming road investment

Australia’s Government will invest US$12.4 billion (A$12.5 billion) on the country’s road network in the 2014-2015 financial year. This does represent a decline from the $16 billion (A$16.1 billion) invested in roads by the Australian Government in the last financial year however.
May 22, 2012 Read time: 1 min
Australia’s Government will invest US$12.4 billion (A$12.5 billion) on the country’s road network in the 2014-2015 financial year. This does represent a decline from the $16 billion (A$16.1 billion) invested in roads by the Australian Government in the last financial year however.

Related Content

  • NCT survey shows Brazil’s roads improving
    November 17, 2014
    Brazil’s roads are improving, but more than 49,000km remain in a fair, bad or very bad state, according to the latest figures from the National Confederation of Transport. Nearly half of roads are considered fair or worse, down from three-quarters in the NCT’s last survey in 2004. The NCT represents around 124,000 cargo and passenger transportation businesses and more than 824,000 independent truck drivers. The survey took into account paving, road routes and signalling and found the 10 best roads in
    Read More
  • Deutz releases Q1 financial results
    May 5, 2015
    Engine firm Deutz has announced its financial results for the first quarter of 2015. The firm says that business performance is in line with expectations. The company has seen a decline in unit sales and revenue due to the effects of advance production of engines in the previous financial year. However welcome news is that it has experienced a five-fold increase in operating profit. The new orders received by the Deutz Group during the reporting period totalled €321.0 million, down by 22.5% from the previ
    Read More
  • China on road spending spree
    December 11, 2012
    Figures recently released indicate that construction spending in China will increase 8.8% each year in real terms through to 2016. Ongoing urbanisation and industrialisation; rebounding foreign investment funding; rising personal income levels and further population and household growth will all work to drive gains. However, further growth will be prevented by a slow-down in the Chinese economy through the forecast period, especially in fixed asset investment. These and other trends are presented in Constru
    Read More
  • Sydney, Australia seeing road development projects continue
    April 18, 2017
    Massive spending in a major road project will boost transport in Australia’s busy city of Sydney, helping cut chronic congestion. Building and improving the road links to connect with the new WestConnex motorway project is expected to cost in the order of US$ 21.97 billion in all. The construction of the WestConnex motorway is itself expected to cost some $12.7 billion. Meanwhile building the exit section at St Peters will itself cost in the order of $757 million.
    Read More

Highlighted Content