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

  • Ukraine's latest route
    February 27, 2012
    Plans are in hand in the Ukraine's Crimea area for a new 93km highway.
    Read More
  • Ukraine's latest route
    May 3, 2012
    Plans are in hand in the Ukraine's Crimea area for a new 93km highway. This route will connect Gvardeyskoe, Gluboky Yar and Yalta and will include a 7km section of tunnel running under Mount Ai-Petri. The project is expected to cost in the region of US$1.5 billion (€1.04 billion) to construct.
    Read More
  • Indonesia’s new toll road development
    July 31, 2018
    A construction partnership is looking to build a new toll road connecting Cikunir with Ulujami in Indonesia. The route will be 36.5km long and will help to reduce the chronic congestion around the capital, Jakarta. Building the route is expected to cost US$1.57 billion. The firms involved in the project include both state-owned and privately held companies.
    Read More
  • Blasting starts for Fiskefjord Tunnel
    October 17, 2023
    The 9.7km Fiskefjord Tunnel will be the longest tunnel within the public-private E10/rv 85 project in northern Norway.
    Read More

Highlighted Content