Skip to main content

Go-ahead given for Sydney’s US$10.92bn Westconnex motorway

New South Wales Premier Barry O'Farrell has given the go-ahead for the US$10.92 billion (AUD 11.5 billion) Westconnex motorway project in Sydney, Australia. A total of $1.4 billion (AUD 1.5 billion) has been pledged by Prime Minister Tony Abbott over four years, while $1.68 billion (AUD 1.8 billion) has been committed by the state government. The private sector will channel the remaining fund through tolls. A toll for using the 33km motorway will be reportedly capped at $7.21 (AUD 7.70). With its constru
September 19, 2013 Read time: 1 min
New South Wales Premier Barry O'Farrell has given the go-ahead for the US$10.92 billion (AUD 11.5 billion) Westconnex motorway project in Sydney, Australia. A total of $1.4 billion (AUD 1.5 billion) has been pledged by Prime Minister Tony Abbott over four years, while $1.68 billion (AUD 1.8 billion) has been committed by the state government. The private sector will channel the remaining fund through tolls. A toll for using the 33km motorway will be reportedly capped at $7.21 (AUD 7.70).

With its construction earmarked to begin in early 2015, the Westconnex motorway will include a series of underground three-lane tunnels connecting the southwestern and western suburbs of the city with Port Botany, central business district and airport. It is projected that the motorway will be able to create thousands of jobs and slash times for motorists in the west of the city.

Related Content

  • Italy: Astaldi takes out loan for Turkish motorway project
    June 18, 2015
    Italian civil engineering group Astaldi has underwritten a €4.5 billion (US$5 billion) loan towards the Turkish motorway project of Gebze-Orhangazi-Izmir, which is worth an overall €5.65 billion ($6.4 billion). According to the La Repubblica newspaper, the loan facility will be used to complete the 301km last stretch of the motorway and link the city of Bursa, south of the Sea of Marmara, and the Aegean port of Izmir. Part of the loan will be used to refinance stretches that are under construction for
  • New South Wales road spending plan
    October 21, 2020
    New South Wales is setting outs its road spending plan.
  • Russian road-building industry on verge of massive cuts
    June 10, 2015
    Russia’s road building programme looks set to be cut due to economic issues - Eugene Gerden writes The Russian Government is considering a significant cut to the existing road building programme for the current year. This is due to a current economic crisis in the country, caused by Western sanctions as well as a collapse in the price of oil and gas.
  • €180 million for Bosnia highway
    July 6, 2012
    The EBRD is investing in the largest infrastructure project in Bosnia-Herzegovina (BiH) to date by lending €180 million to the state to construct key sections of the Trans-European Corridor Vc. A key transport artery linking BiH with the rest of Europe, Corridor Vc starts in Budapest, Hungary and ends in the Adriatic Port of Ploce in Croatia. It runs north to south through the centre of BiH, and is the most strategically important link for regional trade and economic development. The €180 million EBRD finan