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

  • Australia: Bidders shortlisted for RiverCity's Clem Jones Tunnel
    July 11, 2013
    In Australia, UBS Infrastructure Fund, Access Capital and Queensland Motorways are reported as heading the bidders' shortlist for the Clem Jones Tunnel of RiverCity. RiverCity's receiver KordaMentha and sell-side adviser Goldman Sachs have ushered through several shortlisted bidders through to the second round. The Clem Jones Tunnel was secured against RiverCity's debt pile of US$1.37 billion (AUD 1.50bn). It is thought that the road may be sold for around $550.3 million (AUD 600mn). Clem Jones Tunnel is sa
    Read More
  • NSW pedestrian road deaths in 2013 at lowest level since 1928
    January 6, 2014
    The Australian state of New South Wales last year saw its lowest number of pedestrian road deaths since annual records began in 1928. There were 42 pedestrian fatalities in the state during 2013 - down 24% compared to 2012, according to NSW Minister for Roads, Duncan Gay. There was also a 40% year-on-year fall in passenger deaths to 49, but motorcycle fatalities rose from 61 in 2012 to 71 in 2013. Cyclist fatalities also doubled in 2013 to 14. Overall, there were 339 road deaths in NSW in 2013 - down
    Read More
  • Russia to commission new Moscow-St Petersburg highway by 2020
    June 20, 2017
    Final delivery of the final stretch for Russia’s key highway project looks set to be delayed – Eugene Gerden writes. I now looks as if Russia’s most ambitious project in the field of road building in recent years, the building of a new high-speed road link between Moscow and St Petersburg, the country’s largest cities, will not be complete in time. The project was set up by the Russian government and several private investors. According to initial state plans, building of the new road should have been compl
    Read More
  • New international trade crossing linking Canada and US
    June 9, 2015
    The Detroit River is short, only 45km, and narrow in places, less than 1km. Around a quarter of the annual $658 billion Canada-US trade crosses over the river. That’s $160 billion worth of goods trucked each year between Detroit in the US state of Michigan and the Canadian city of Windsor in the province of Ontario - the Windsor-Detroit Corridor. There are several types of crossings, but the vast majority of commercial traffic must use the 2.3km Ambassador Bridge (see box). A new bridge was initially prop
    Read More

Highlighted Content