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

  • Fluor and ACS Infrastructure Canada win Gordie Howe Bridge deal
    October 2, 2018
    Bridging North America will build the Gordie Howe Bridge, named after a famous Canadian ice hockey player and leading scorer A partnership including Fluor Canada and ACS Infrastructure Canada has been chosen to design, build, finance, operate and maintain the Gordie Howe International Bridge project. The client, Windsor-Detroit Bridge Authority (WDBA), announced the appointment of Bridging North America group in the Canadian city of Windsor, across the Detroit River from Detroit in the US state of Michig
    Read More
  • Albanian road investment
    May 15, 2012
    The European Bank for Reconstruction and Development (EBRD) is providing major funding in Albania’s road network. A loan worth €53 million will help pay for the construction of the new Fier and Vlore bypasses. This loan will aid further development of the Albanian road network and boosting economic integration in the country by co-financing the construction of the two bypass roads, located in south-western Albania. The EBRD loan is structured in two tranches and will be used by the Albanian Road Authority t
    Read More
  • €150.22bn to implement Moscow’s 2020 transport strategy
    July 30, 2013
    Russia: On transport development strategy for Moscow region until 2020. The new Moscow region transport strategy until 2020 aims to develop and popularise public transport, strengthen connections between districts via transverse highways, optimise cargo traffic, and increase safety. The strategy, devised by the Research and Design Institute of Moscow City Master Plan (NIiPI Genplan) after a request by the Moscow Transport Hub's Directorate, if successfully implemented is predicted to see an increase in annu
    Read More
  • Argentina developing road infrastructure and road maintenance
    June 13, 2016
    Argentina has set out plans for a major refurbishment of much of its dilapidated road network. The work will take four years to complete and involves building 2,800km of highways as well as 4,000km of trunk roads. This is a substantial programme of works, which should also deliver around 35,000 much-needed jobs. The Ministry for Transport has drawn up the schedule work the programme, which is expected to cost in the region of US$14.43 billion. The country’s total road system stretches for some 182,000km
    Read More

Highlighted Content