Network road pricing is inevitable to manage increasing congestion on city motorways and to facilitate more efficient transport networks, says 891 Transurban chief executive Scott Charlton.
Bouygues Construction of France and Lend Lease Group (Lend Lease) of Australia have become preferred tenderer to design and build the US$2.71 billion (AUD 3 billion) NorthConnex motorway in Sydney.
Comprising twin 9km tunnels that will connect the southern end of the M1 Motorway at Wahroonga to the Hills M2 Motorway at its Pennant Hills Road interchange, the NorthConnex motorway is pending for planning approval and finalisation of contract terms.
Transurban and its partners in Westlink M7 said the projec
Australia’s New South Wales (NSW) Government has outlined its massive transportation investment in the WestConnex project. This will be the largest urban transport project in the history of New South Wales. Some A$1.8 billion will be invested over four years from Restart NSW, the state’s new infrastructure fund. to finance the WestConnex project. And A$111 million will be committed in 2013-14 to get work underway on the 33km motorway. The NSW Government will fund the initial sections of the motorway. Privat
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
