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

  • Funding for US bridge upgrades
    October 7, 2023
    Funding will be available for US bridge upgrades.
    Read More
  • Replace bridge for Vancouver’s Massey Tunnel could aid congestion
    December 21, 2015
    Opponents of a proposed 10-lane bridge near Vancouver, Canada, said the structure will encourage urban sprawl in a region that is already struggling with a booming population. The British Columbia provincial government recently opened the final round of public consultation for the planned 3.3km toll bridge likely to cost around US$2.54 billion.
    Read More
  • Brazil’s Parana state continues with infrastructure investment
    January 8, 2015
    The Brazilian state government of Parana has spent around US$1.73 billion on infrastructure projects over the past four years, including roads, railways, airports, ports and public buildings. According to Jose Richa Filho, the state’s infrastructure secretary, more investments will be made by local partners and through international financing. Around $3.63 million for road works between 2015 and 2018 with fund coming from partnerships with Votorantim and Klabin. Votorantim Group is one of the largest
    Read More
  • PNG seek US $ 305.13mn for major road improvement projects
    October 26, 2012
    Powes Parkop, the Governor of National Capital District (NDC) Province in Papua New Guinea (PNG), says US $ 305.13 million (PGK 629mn) is being sought by the provincial government for road improvements. Of the targeted total, PGK 600mn is earmarked for the 2013 upgrade of several major routes including the Kookabara Street-Sir John Guise Drive flyover, the Erima roundabout, and the Paga Hill ring road. Some of the sum will also be allocated to build a four-lane road to link Bautama with Gerehu in preparati
    Read More

Highlighted Content