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

  • Approval for Moscow’s ring road reconstruction
    October 15, 2015
    Moscow’s ring road is due for rebuilding – Eugene Gerden writes. The Moscow city authorities have finalised the project of the reconstruction of the Moscow Ring Road. The ring road encircles the City of Moscow and the plan was announced by Marat Khusnullin, deputy mayor of the city. Khusnullin said that, to date, the Moscow city government has completed 90% of the design documentation of the project.
    Read More
  • Run on Russian Rouble won’t reduce infrastructure investment
    January 20, 2015
    The Moscow Construction Department has announced that the country’s financial issues will not halt current construction projects in the capital. Some US$1.23 billion will be spent on the development of roads in Moscow during 2015. The funds will be spent on building 83km of roads, 23 engineering structures, and 20 cross walks.
    Read More
  • Tanami Road to be sealed for 314km
    May 24, 2022
    Sealing part of the 1,077km Tanami Road in Australia’s outback could transform local farming.
    Read More
  • Chinese investment in infrastructure
    April 24, 2014
    Three of China’s provinces, Jiangsu, Shanxi and Sichuan, have announced plans to invest in infrastructure expansion. Jiangsu Province has set an impressive infrastructure budget. Some US$11.38 billion has been earmarked for transportation infrastructure projects during 2014. Of the total, $4.53 billion will be invested into road construction projects, while some $454.8 million will be targeted at the construction of civil airports.
    Read More

Highlighted Content