Queensland airport link incurs costs

In Australia contractor Leighton Holdings intends to reclaim extra costs incurred for a major airport link road project in Queensland.
February 14, 2012 Read time: 1 min
In Australia contractor 2474 Leighton Holdings intends to reclaim extra costs incurred for a major airport link road project in Queensland. Leighton Holdings says that it was hit by extra costs for Brisbane Airport Link's road and tunnel project due to the state's floods and bad weather, design amendments and approval delays from access issues and authorities. The project's net forecast fell to US$457.3 million (A$430 million) loss. The project is expected to be ready by the end of June next year and is being built by 2641 BrisConnections, in which Leighton subsidiary 2642 Thiess is a component.
Road Structures

For more information on companies in this article

Related Content

  • Foreign investors eye expansion into Russian road-building industry
    March 18, 2016
    The Russian road sector looks set for international investment - Eugene Gerden writes Amid the ongoing recovery of the Russian economy from the effect of Western sanctions, foreign investors are considering accelerating their activities in the Russian road building industry. In recent months the establishment of joint ventures with local road building companies has become no longer as profitable for foreign investors as it was in the past. As a result the majority of foreign investors are considering
    Read More
  • Vandals attack road fittings on key Nairobi road link
    April 24, 2013
    A wave of vandalism has hit a new superhighway from Nairobi as Shem Oirere reports. The newly opened 45km superhighway in Kenya’s capital Nairobi is facing a new challenge that threatens to erode its international standards and compromise the benefits it is meant to generate. A wave of vandalism targeting road fittings has hit the US$360 million highway linking Nairobi to Thika Town, posing a new challenge in the maintenance of the new road infrastructure in Kenya. The destruction delayed the completion of
    Read More
  • Fehmarn Fixed Link project finally gets European Commission approval
    March 31, 2020
    EC settles the public financing issue for the Fehmarn project that includes an immersed tunnel.
    Read More
  • Indonesia’s massive toll road expansion plan
    October 7, 2019
    Indonesia has a massive programme of road development aimed at expanding the country’s toll road network. The plan calls for no less than 2,500km of toll roads to be built over the next five years. In all the work is expected to cost anything from US$16.5 billion up to as much as $24.74 billion. To pay for the works, a variety of financing methods are being used, with PPPs, loans and international firms being involved. Key roads being built in Indonesia include the Trans Sumatra, Trans-Java Toll, Jakarta-Bo
    Read More

Highlighted Content