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

  • Nepal's bridge building benefits from bank input
    February 15, 2012
    Nepal's transport network is to benefit from investment worth US$100 million, with a substantial portion being provided by the World Bank (WB).
    Read More
  • What lies beneath Down Under
    January 11, 2021
    The third and final construction stage on Sydney’s WestConnex project has begun, including the underground Rozelle Interchange – with a lot of help from Komatsu
    Read More
  • Roadtec machines rebuild key highway in Texas
    December 16, 2013
    In the middle of central Texas lies Blanco County, which is in the state’s Hill Country. West of Austin and north of San Antonio, the county is traversed by the Blanco River and the Pedernales River, and two major highways, US Highway 290 and US Highway 281. Because of the proximity to two major cities, the highways carry heavy traffic volumes and US 281 in particular was in need of repair.
    Read More
  • Funding secured for Nepal highway connection
    October 11, 2018
    A funding package has been secured that will help pay for a key road project in Nepal. The Asian Development Bank (ADB) is providing a loan worth US$180 million that will be used to help pay for widening work to an 87km stretch of the East-West Highway between Kamala and Kanchanpur. At present the route has just one lane in either direction but the upgrade will see the route being widened in a bid to boost capacity and safety, with two lanes in either direction. The project is being managed by the Nepalese
    Read More

Highlighted Content