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

  • S&P Global Rating: credit stability for toll road operators
    August 14, 2017
    The outlook is generally stable for business conditions and credit quality for toll roads worldwide, according to the latest survey from ratings agency S&P Global.The exception is the US where the overall outlook is “positive”, noted the report S&P Global Ratings' 2017. The 21-page report considers broad economic and industry-specific trends. It looks at economic conditions, demographic trends and geopolitical risks that affect the movement of people and goods. “We expect stable or improving, but still frag
    Read More
  • Key expressway route through Hunter Valley
    November 11, 2013
    Australia’s Hunter Valley will benefit from a new high speed expressway, which is currently under construction - Simon Gould reports Located two hours north of Sydney, the Hunter Valley region in New South Wales is one of Australia’s largest producers of coal and wine. With international demand, particularly from Asia, for both continuing to increase, a significant upgrade of infrastructure was required between the region and the port of Newcastle, the world’s largest coal export port. However the strict en
    Read More
  • Tolled freeway to Melbourne Airport due to undergo US$788.29mn widening
    April 29, 2014
    Australian developer and operator of tolled roads, Transurban, is planning to spend US$788.29 million (AUD 850 million) to widen an eight-lane tolled section of Tullamarine freeway leading to Melbourne Airport.
    Read More
  • Partners win highway operation deal in New South Wales, Australia
    January 11, 2016
    Egis Projects and its partner Fulton Hogan Construction have won a major contract for the operation and maintenance of the WestConnex highway link in New South Wales Australia. The package was awarded by Sydney Motorway Corporation (SMC) to Fulton Hogan Egis O&M (FHEO&M). The partners hold equal 50% shares in the project. Egis has its share in the Australian project through its Australian subsidiary Egis Projects Asia Pacific.
    Read More

Highlighted Content