Unveiling of Australia’s WestConnex road project funding plan

The state government of New South Wales, Australia will ask the private sector to contribute to the funding of the 33km WestConnex road project. While initial sections of the road will be financed by the state government, its following phase will be financed by the private sector. For the project, a total of US$1.66 billion (AUD 1.8bn) will be allocated by the state government over a four-year period. Of the total, $102.22 million (AUD 111mn) will be spent in 2013-2014. The development was mentioned by Trea
June 24, 2013 Read time: 1 min
The state government of New South Wales, Australia will ask the private sector to contribute to the funding of the 33km WestConnex road project.

While initial sections of the road will be financed by the state government, its following phase will be financed by the private sector. For the project, a total of US$1.66 billion (AUD 1.8bn) will be allocated by the state government over a four-year period. Of the total, $102.22 million (AUD 111mn) will be spent in 2013-2014. The development was mentioned by Treasurer Mike Baird in his recent New South Wales budget speech.

Related Content

  • UGL wins Australia’s NorthConnex M&E services contract
    September 7, 2015
    Engineering services provider UGL has signed a four-year deal with the Lend Lease Bouygues joint venture that is building the NorthConnex motorway in Sydney, Australia. The US$329 million contract is for the design, procurement, construction and commissioning of the electrical, mechanical, communication, fire and control systems needed for the project’s 9km twinned tolled tunnel. UGL provides outsourced engineering, asset management and maintenance services to rail, transport, power, resources, water an
    Read More
  • Major investment in Australia’s transport infrastructure
    June 5, 2015
    A joint venture featuring John Holland, Samsung C&T and Leighton Contractors (Leighton) has secured a deal to build and design Sydney’s M4 East motorway. The M4 East forms part of a project to build the WestConnex road tunnel, completion of which is expected in 2023. The M4 East is planned to be ready in 2019, while the WestConnex road tunnel is the biggest transport infrastructure of its kind in Australia. The deal won by the joint venture partners is valued at US$2.1 billion. The WestConnex project is pla
    Read More
  • Modern road system is 'a must'
    August 2, 2012
    Australia's GDP could see a major increase if traffic bottlenecks in big cities were to be removed, and the government is addressing this as a matter of urgency A modern road system is a must in Australia where it is estimated that the removal of traffic bottlenecks could potentially raise the country's GDP by 0.8%. According to the Committee for Economic Development of Australia (CEDA), which made the prediction, infrastructure bottlenecks (particularly in cities, which account for over 70% of the country'
    Read More
  • Delays for new bridge linking Brazil and Paraguay
    June 4, 2014
    Construction work on a new bridge connecting Brazil and Paraguay has suffered a further delay. The 760m suspension bridge itself is expected to cost in the order of US$102 million while the building of link roads and customs/immigration facilities bring the project total to some $170 million, according to a report by Business News Americas. Contractor Empresa Sul Americana de Montagens (EMSA) was originally thought to be the front runner for the project following its lowest cost bid of $101.78 million for t
    Read More

Highlighted Content