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 road safety crisis as crashes increase
    December 22, 2016
    Increases in the numbers of road crashes and road deaths are giving cause for concern in Australia. The gain in the country’s road fatality rate is of note as it comes after a 40 year period in which those killed or seriously injured (KSI) have been reducing. Certain sections of the country’s road network have been identified as being of particular risk to drivers, with moves in hand to improve safety. The Australian Automobile Association has revealed that there were 15,339 crashes in the country that resu
    Read More
  • Turkey is investing in new motorway and bridge projects
    May 29, 2013
    Turkey is benefiting from new motorway and bridge projects constructed along the BOT model - Gülay Malkoç. Looking at Turkey’s economic development, road construction plays a crucial role. The investment in Turkey is becoming increasingly attractive for both local and foreign investors. There are significant huge road investments and projects being made in Turkey at present, compared with EU countries where the roads need mostly repair and maintenance. According to the approach of Turkey’s Ministry of Trans
    Read More
  • Sandvik wins tunneling machine deal in Australia
    July 6, 2015
    Sandvik is supplying a major order of tunnelling machinery for use on a construction project in Australia. This deal is for a major tunnelling project in Sydney. The NSW Government, Transurban and the M7 Westlink Shareholders (the Project Sponsors) are in process to build, operate and maintain a tolled motorway linking the M1 Pacific Motorway at Wahroonga to the Hills M2 Motorway at West Pennant Hills. The new route will be called NorthConnex.
    Read More
  • Australia’s road crashes present a major problem
    January 4, 2017
    Road crashes in Australia are presenting a major problem for the health of the country’s population as well as its economy. According to data from the Australian Government road crashes hit the country’s economy annually to the tune of US$20.36 billion (A$27 billion). In New South Wales road crashes cost an estimated A$7 billion/year while in neighbouring Victoria crashes cost from A3 billion-A$4 billion/year. Around half of the cost of road crashes in New South Wales comes from providing hospital treatment
    Read More

Highlighted Content