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

  • New highway works planned for India
    February 10, 2025
    Major new highway works are planned for India.
    Read More
  • New bridge for Vietnam
    January 24, 2014
    Construction work is underway on a key bridge connection in Vietnam. The Cao Lanh Bridge is located in Vietnam’s Dong Thap Province and its construction is costing an estimated US$145 million.
    Read More
  • Set the ALARM for repairs in England and Wales
    January 10, 2019
    More than 3,900km of roads in England and Wales will need essential maintenance within the next year, according to the annual ALARM survey* Cash-strapped local governments are reporting that the gap between the funds they received and the amount they needed for repairs and maintenance was almost €639 million. This equated to an average shortfall of €3.75 million for every authority. It would take 14 years to get local roads back into a reasonable steady state, but only if adequate funds and resources wer
    Read More
  • Huge potential of Kenya’s bitumen market
    May 17, 2017
    Kenya’s bitumen demand to grow - Shem Oirere writes. Kenya’s demand for bitumen products is set to increase with recent budget allocations for construction of new roads, ports and airports and for maintenance of existing transport infrastructure. The country’s economic growth rose from 5.3% in 2014 to 5.5% in 2015 and is projected to hit 6% and 6.4% in 2016 and 2017 respectively according to the African Development Bank, triggering demand for better and modern infrastructure particularly in the transport se
    Read More

Highlighted Content