Legacy Way underground road tunnel in Brisbane to cost US$1.57bn

The 5km Legacy Way underground road tunnel in Brisbane, Australia will cost US$1.57 billion (AUD 1.50bn). Brisbane City Council (BCC) will borrow US$ 1.04 billion (AUD 1bn) from the Queensland Treasury Corporation (QTC) on a 30-year loan to help fund the works. Meanwhile the federal government will contribute US$520.92 million (AUD 500mn) to the project. The tunnel is expected to carry 24,000 cars a day when it opens in 2015. The Clem 7 and Airport Link are two tunnels already operating in Brisbane.
November 21, 2012 Read time: 1 min
The 5km Legacy Way underground road tunnel in Brisbane, Australia will cost US$1.57 billion (AUD 1.50bn).

Brisbane City Council (BCC) will borrow US$ 1.04 billion (AUD 1bn) from the 6912 Queensland Treasury Corporation (QTC) on a 30-year loan to help fund the works. Meanwhile the federal government will contribute US$520.92 million (AUD 500mn) to the project. The tunnel is expected to carry 24,000 cars a day when it opens in 2015. The Clem 7 and Airport Link are two tunnels already operating in Brisbane.

For more information on companies in this article

Related Content

  • Kapsch TrafficCom’s the Tolling Wizard of Oz
    April 4, 2014
    Standfirst: Leading tolling technology solution manufacturer Kapsch TrafficCom has recently been appointed to deliver two major electronic tolling projects in Australia, as Guy Woodford reports Kapsch TrafficCom’s new key Australian contracts will see the Austrian firm use its multi-lane free-flow (MLFF) single gantry solution on the Eastern Distributor toll road in Sydney and the Legacy Way toll road in Brisbane. The MLFF single gantry solution includes innovative stereoscopic vehicle detection and classi
    Read More
  • Vietnam's road expansion
    May 28, 2012
    Vietnam is seeing significant expansion of its highway network at present, with another three major projects now moving forward and much of the financial backing coming from other Asian nations such as South Korea and Japan. A feasibility study is being carried out for the 94km Nghi Son-Bai Vot expressway and this should be complete by October 2010. The project is expected to cost US$1.04 billion and the expressway will have either six or four lanes, based on Transport Engineering Design's study.
    Read More
  • LGA fears UK roads pothole crisis
    November 28, 2012
    The Local Government Association (LGA) fears further cuts to its road maintenance budget, or a cold winter, may lead to potholes appearing across thousands of miles of UK roads. The LGA says that since the formation of the coalition government in 2010, its highways maintenance budget has been reduced by almost US$798.35million (£500mn). The LGA is responsible for maintaining local roads spanning 180,000miles in England and Wales.
    Read More
  • Modern road system is 'a must'
    August 2, 2012
    Australia's GDP could see a major increase if traffic bottlenecks in big cities were to be removed, and the government is addressing this as a matter of urgency A modern road system is a must in Australia where it is estimated that the removal of traffic bottlenecks could potentially raise the country's GDP by 0.8%. According to the Committee for Economic Development of Australia (CEDA), which made the prediction, infrastructure bottlenecks (particularly in cities, which account for over 70% of the country'
    Read More

Highlighted Content