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

  • Colombia’s infrastructure development
    December 2, 2013
    Colombia is benefiting from heavy investment in infrastructure that is helping boost the country’s economy. At the same time, tough policies have also reduced crime considerably and helped stabilise economic development. This process of economic growth and overall stabilisation looks set to continue as the Colombian Government has recently unveiled its plans for highway construction over the next 10 years. This infrastructure programme is also tipped to raise demand for surety products owing to government c
    Read More
  • AIA’s UK ‘crumbling roads’ survey prompts call for greater Government funding
    March 14, 2013
    The annual national survey of UK local road network condition and funding claims there is a crumbling road crisis of increasing concern, prompting renewed calls for increased and longer term Government funding. Commissioned by the Asphalt Industry Alliance (AIA), the 18th Annual Local Authority Road Maintenance (ALARM) Survey was completed by 75% of councils across England and Wales and reports that the number of potholes filled over the last year rose to over two million - an increase of 29% on the previou
    Read More
  • Bavarian road tunnel opens to traffic
    June 1, 2022
    A new Bavarian road tunnel is now open to traffic
    Read More
  • Tasmanian bridge proposal faces controversy
    October 27, 2020
    The design proposal for a new Tasmanian bridge project faces controversy.
    Read More

Highlighted Content