Talks to develop US$3.03bn Sydney F3-M2 road link

In Australia, New South Wales Roads Minister Duncan Gay said talks are continuing between federal and state governments to develop a US$3.03 billion (AUD 3bn) F3-M2 road link in north-west Sydney. It is reported that NSW and federal governments will each pump up to US$407.83 million (AUD 400mn) in to the project. The balance of the funds for the four-year works, set to start in 2013, will be provided by a private firm to construct a tunnel from the F3 freeway to the M2 motorway. The private firm will then c
May 10, 2013 Read time: 1 min
In Australia, New South Wales Roads Minister Duncan Gay said talks are continuing between federal and state governments to develop a US$3.03 billion (AUD 3bn) F3-M2 road link in north-west Sydney.

It is reported that 882 NSW and federal governments will each pump up to US$407.83 million (AUD 400mn) in to the project. The balance of the funds for the four-year works, set to start in 2013, will be provided by a private firm to construct a tunnel from the F3 freeway to the M2 motorway. The private firm will then charge users to recover the investment.

An unsolicited proposal has been submitted by 891 Transurban to the NSW government. On completion, the project will connect the M2 motorways network in Sydney to the F3 freeway that links Sydney to Newcastle and central coast.

For more information on companies in this article

Related Content

  • Smaller contractors wanted for Melbourne’s North East Link project
    September 27, 2018
    Australia’s Victoria state government has moved to ensure smaller contractors get a share of the US$12 billion worth of Melbourne city’s North East Link contracts. According to a report in the Australian Financial Review, Victoria state treasurer Tim Pallas said that consortiums bidding for North East Link could not include more than one of the top three local contractors. This is to encourage more international companies and smaller Australian contractors to tender for the proposed 26km project.
    Read More
  • Major project underway in Australia
    March 6, 2012
    Preliminary work is now underway for the project to upgrade the M2 motorway in New South Wales, Australia. The project has commenced with night time working, before operations gear up and daytime working commences. The project is expected to cost US$550 million and will take two years to complete. This is NSW's biggest project carried out on an operational motorway.
    Read More
  • Investments in Ukraine road construction to total US$2.21bn in 2013
    May 20, 2013
    Around US$2.21 billion (UAH 18bn) will be invested in road construction and repairs in Ukraine in 2013. According to infrastructure minister Vladimir Kozak, intentional financial institutions will account for around $362.49 million (UAH 3bn) of the total investments. The rest of funds will be raised under state guarantees. The most significant individual project sum of $108.74 million (UAH 900mn) will be allocated to building a bridge in Zaporozhye. The first stage will be launched in 2014.
    Read More
  • Transurban chief exec backs “pragmatic” network road fundraising
    September 14, 2012
    Network road pricing is inevitable to manage increasing congestion on city motorways and to facilitate more efficient transport networks, says Transurban chief executive Scott Charlton. In a speech to the Infrastructure Partnerships Australia’s annual conference in Melbourne, Charlton urged governments to use every lever possible from user charges to diverse funding sources to innovative solutions such as tolled express lanes.
    Read More

Highlighted Content