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

  • Indonesia: Waskita Raya to develop Bali toll road
    April 28, 2015
    Indonesian state construction firm Waskita Karya said it will be developing the US$2.7 billion Bali toll road project. But the Ministry of Public Works and Housing has yet to approve the 157km project which is in the pre-feasibility study stage. Waskita Karya’s finance director Tunggul Rajagukguk also said the company might seek nearly $1.8 billion of financing this year for not just road projects but also power transmission work. Financing could be around half through bond issuance and the other half v
    Read More
  • Philippines to rethink Laguna Expressway highways work
    May 3, 2016
    The Philippines might separate a 47km six-lane road construction element from a complicated land reclamation and dike development contract recently shunned by preferred bidders. None of the three qualified bidders for the Laguna Lakeshore Expressway Dike public-private partnership deal submitted final bids for the contract. There were concerns over the legality of reclaiming 700 ha of land and whether investors could make money from it.
    Read More
  • South German road tunnel project to restart
    July 26, 2018
    Construction work on the Kramertunnel in South Germany is to restart. The tunnel is needed to help reduce traffic delays in the town of Garmisch-Partenkirchen in the southern German state of Bavaria and with lies next to the border with Austria. The twin tube tunnel stretches will both be around 2.8km long and the project will also include building six bridges as part of the new bypass around the town. The new bypass, with its tunnel and bridges, is required as traffic jams occur regularly in the town on th
    Read More
  • Manitowoc’s in demand in Oz
    May 14, 2014
    Leading Australian crane rental firm Universal Cranes has built two bridges using Manitowoc cranes from its fleet. The company used Manitowoc’s largest all-terrain crane, a GMK7450, for the first job and selected two Manitowoc crawler cranes – a 16000 and a 12000 - for the second. Key to the speed of the two projects was the cranes’ quick set-up and precise load control, as well as Universal Cranes’s specially-designed lattice spreader, as Nick Morris, engineering and sales manager at Universal Cranes, e
    Read More

Highlighted Content