Funding found for Australian key road revamp

In Australia funding has now been sourced for the Townsville Ring Road project. The country’s Federal Government is supplying the US$122.52 million (A$160 million) required for the Townsville Ring Road project. This road will connect Mount Low and Shaw Road in Queensland. The Queensland State Government will supply the remaining $30.6 million (A$40 million) required to complete the budget needed for the project. The Townsville Ring Road is scheduled to open for traffic in 2017. This new route is needed to c
March 23, 2015 Read time: 1 min
In Australia funding has now been sourced for the Townsville Ring Road project. The country’s Federal Government is supplying the US$122.52 million (A$160 million) required for the Townsville Ring Road project. This road will connect Mount Low and Shaw Road in Queensland. The Queensland State Government will supply the remaining $30.6 million (A$40 million) required to complete the budget needed for the project. The Townsville Ring Road is scheduled to open for traffic in 2017. This new route is needed to cut congestion on the existing network and in particular, to carry heavy trucks travelling to and from the Port of Townsville.
Road Structures Finance & Funding

Related Content

  • Transport plans for Indonesia
    November 28, 2012
    Indonesia’s Government is setting a US$20 billion budget for transport and energy sector development. The Indonesian Government plans to build 559km of new roads as part of a new transport infrastructure programme. Indonesia’s capital Jakarta faces a growing problem due to severe traffic congestion, which is particularly intense at peak periods. Increasing vehicle numbers in the city mean that the existing traffic problem is fast getting worse. The authorities are looking at policies to address the issue.
    Read More
  • Ring road planned for Port Harcourt in Nigeria
    August 18, 2023
    A new ring road is planned for Port Harcourt in Nigeria.
    Read More
  • Chinese contractor wins major Nigerian road project
    November 11, 2013
    A road construction contract worth US$1.07 billion has been awarded to China Railway Construction in Nigeria. The Ministry of Delta Affairs of Nigeria awarded the package of works for Section V of the A121 East-West highway to China Civil Engineering Construction, a division of China Railway Construction. The work is expected to take five years to complete and includes design as well as construction. When it is complete, the A121 will connect Nigeria’s two main North-South highways. Its route runs from the
    Read More
  • Bulgaria: back on track?
    July 23, 2012
    Several important Bulgarian road projects are expected to gain momentum over the coming weeks, a welcome boost for a sector that has been beset by delays in the past. In mid-September, the National Road Infrastructure Agency (NRIA) announced that it would soon be declaring new tenders for the construction of two key road projects worth a total of US$94 million (approximately €68.8 million). One section will link the south-eastern city of Kardzhali to Podkova, near the Greek border: the second will connect t
    Read More

Highlighted Content