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

  • Bridge savings in Scotland to fund road improvements
    August 27, 2014
    The project to construct the new Forth Crossing close to Scottish capital Edinburgh is looking extremely positive, with cost savings envisaged for the bridge. The Queensferry Crossing scheme now looks to require slightly less funding than had been originally expected when the plans were unveiled in 2011, due in part to tight controls over spending. The bridge costs had been budgeted at close to €2 billion (£1.6 billion) initially but the project now looks likely to cost €1.81 billion (£1.45 billion). The sa
    Read More
  • Transport plan for Melbourne
    February 29, 2012
    Australian city Melbourne could benefit from revitalised transport links over the next three decades if proposals are put into action.
    Read More
  • Egypt roads expansion programme planned
    March 15, 2017
    Plans have been announced for the third phase of Egypt’s road expansion programme. This is expected to be carried out in the 2017-2018 period and is intended to add a further 7,000km to the country’s road network. The second phase of the road expansion programme is now being completed. The programme has been organised jointly by the Ministry of Transportation and the Armed Forces Engineering Authority and the Housing Ministry. Local firms have carried out around 30% of the work, with large companies having
    Read More
  • Russian bypass projects under construction
    October 5, 2018
    The Russian government is starting a major programme of building bypasses around large cities during the current financial year – Eugene Gerden writes The Russian government is starting a massive programme of building bypasses around the country’s biggest cities during this financial year. The aim is to address the problems of traffic jams and speeding traffic on federal routes, according to recent statements by the Russian Presidential Administration and some senior officials from the Ministry of Trans
    Read More

Highlighted Content