Australia spending on road development programme

The Australian state of Victoria will benefit from US$2.26 billion (A$3 billion) in funding for planned road projects. This financing will be split equally by the Federal Government and the Victoria State Government. Some $520 million (A$690 million) will be spent on regional and rural road projects while $753.3 million (A$1 billion) will be used to upgrade the Monash Freeway as well as for other works including improving the M80 Ring Road.
November 15, 2016 Read time: 1 min
The Australian state of Victoria will benefit from US$2.26 billion (A$3 billion) in funding for planned road projects. This financing will be split equally by the Federal Government and the Victoria State Government. Some $520 million (A$690 million) will be spent on regional and rural road projects while $753.3 million (A$1 billion) will be used to upgrade the Monash Freeway as well as for other works including improving the M80 Ring Road.
Road Structures Finance & Funding

Related Content

  • Riyadh’s transport infrastructure upgrade programme
    August 29, 2013
    IRF chairman and mayor of Riyadh, Eng Abdullah A Almogbel, discusses the city’s massive infrastructure investment and the pressing need for this development work Saudi Arabian capital Riyadh is fast growing with a pressing need for additional transport infrastructure resulting in a massive investment programme. The oil industry has fuelled Riyadh’s rapid expansion from being a medium sized town just 100 years ago, to its status as a major city today. With the explosion in vehicle use during the 20th ce
    Read More
  • Road death reduction in Australia and overall safety gain
    January 21, 2015
    Australia’s road safety improved in 2014, with a reduction in road-related fatalities. Official data from the Department of Infrastructure, Transport and Regional Economics shows that the number of people died on roads in Australia stood at 1,153 people, a drop from the previous year’s figure. This is the lowest annual death toll on Australia’s roads for 69 years, which is of note given the massive rise in vehicle numbers during that time. Vehicle safety has certainly played a role with massively improved p
    Read More
  • Russia ploughs ahead with road expansion
    October 14, 2022
    Despite Western economic sanctions, Russia plans a record road building programme up to 2027, as Eugene Gerden reports
    Read More
  • Norway-Russia road connection improvement
    October 12, 2017
    An improved road link will boost transport between Norway and Russia. The two countries have already spend around US$160 million to upgrade the road link that connection between the two. A 25km stretch is connecting Norway’s Sor-Varanger municipality with Russia’s Pechengsky District in the Murmansk Region. This is providing a shorter road route between Kirkenes in Norway and the important port of Murmansk in Russia and will help boost transport and trade between the two countries, as well as for Finland.
    Read More

Highlighted Content