Budget set for transport in Australia’s New South Wales

Major transport development is set to commence in the Australian state of New South Wales following the setting of a new budget by the authorities.
June 21, 2017 Read time: 1 min

Major transport development is set to commence in the Australian state of New South Wales following the setting of a new budget by the authorities. The budget for the 2017-2018 period will see some US$8.38 billion (A$11 billion) being spent on transport projects. One of the biggest projects budgeted is for the construction of the WestConnex motorway, costing US$2.44 billion (A$3.2 billion). A further US$495 million (A$650 million) is being spent on improving the roads close to the new Western Sydney Airport.

Road Structures Finance & Funding

Related Content

  • Australia’s transport development a priority in New South Wales and Western Australia
    December 2, 2019
    In Australia, the states of New South Wales and Western Australia are both setting transport development as a priority. Both states are planning major spending programmes on new infrastructure projects, with transport representing a key portion of that future investment.
    Read More
  • Major investment in Australia’s transport infrastructure
    June 5, 2015
    A joint venture featuring John Holland, Samsung C&T and Leighton Contractors (Leighton) has secured a deal to build and design Sydney’s M4 East motorway. The M4 East forms part of a project to build the WestConnex road tunnel, completion of which is expected in 2023. The M4 East is planned to be ready in 2019, while the WestConnex road tunnel is the biggest transport infrastructure of its kind in Australia. The deal won by the joint venture partners is valued at US$2.1 billion. The WestConnex project is pla
    Read More
  • NSW Australia investing in transport
    June 20, 2013
    Australia’s New South Wales (NSW) Government has outlined its massive transportation investment in the WestConnex project. This will be the largest urban transport project in the history of New South Wales. Some A$1.8 billion will be invested over four years from Restart NSW, the state’s new infrastructure fund. to finance the WestConnex project. And A$111 million will be committed in 2013-14 to get work underway on the 33km motorway. The NSW Government will fund the initial sections of the motorway. Privat
    Read More
  • New South Wales is seeking financial packers for WestConnex in Sydney
    June 19, 2015
    Investment bank Goldman Sachs will soon be sending out expressions of interest for backers to finance Australia’s biggest road deal, the three-stage WestConnex project to be rollout by the New South Wales government. According to a report by The Australian newspaper, initially around US$1.17 billion will be needed for the first phase of the Sydney toll road project. The first phase will likely cost between nearly $2.35 billion and $3.9 billion. Total cost of all three phases over 10 years could be as
    Read More

Highlighted Content