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

  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More
  • US$542.6mn to be spent on prep work for Australia’s Pacific Highway
    June 14, 2013
    The News South Wales state government in Australia has US$542.6 million (AUD 564.6mn) for preparatory works for the construction of the Ballina-Woolgoolga section of the Pacific Highway. Under the project, a 155km road is to be built between Ballina and Woolgoolga, while a 2km exit road to Ballina Bypass, wildlife crossings and bridges over Emigrant and Duck creeks as well as Richmond and Clarence rivers will be constructed. Funds for the preparatory works are to be shared equally by the state government an
    Read More
  • Infrastructure funding secured for Australia’s Victoria and Queensland States
    October 27, 2022
    Infrastructure funding has been secured for Australia’s Victoria and Queensland States.
    Read More
  • Australia's huge transport investment
    February 29, 2012
    The Australian Government is allocating additional funding to renew its infrastructure and to improve transport in the major cities work in its 2011-12 budget.
    Read More

Highlighted Content