Australian projects underway

The consortium building Australia's new Northern Link tollway expects the project to require four years to complete. The US$1.41 billion (A$1.5 billion) project is being carried out by a consortium led by Spanish contrator Acciona, with construction due to commence at the end of this year. The work is being part funded by a $745 million loan from the State Government for the area and will also receive $532 million of funding from the Federal Government.
May 28, 2012 Read time: 2 mins
The consortium building Australia's new Northern Link tollway expects the project to require four years to complete. The US$1.41 billion (A$1.5 billion) project is being carried out by a consortium led by Spanish contrator 976 Acciona, with construction due to commence at the end of this year. The work is being part funded by a $745 million loan from the State Government for the area and will also receive $532 million of funding from the Federal Government. Australia's federal Government is also setting an additional budget of $412 million for work to upgrade the Bruce Highway. The work will include building overtaking lanes and improving noted accident risk sites. The Bruce Highway forms one of Australia's longest road links carrying some 170,000 vehicles/day and is at present benefiting from work worth a total of $2.4 billion. Meanwhile debt worth $468.37 million is now being refinanced for the Westlink M7 tollroad in Sydney. Funding has been raised from a banking syndicate including 883 Westpac Banking Corporation, 5751 National Australia Bank, 881 Commonwealth Bank of Australia and 878 Australian and New Zealand Banking Group. Westlink M7 is equally owned by 5753 Intoll Group and 3365 Transurban Group.
Highway & Network Management

Related Content

  • Transurban to test Melbourne drivers in road trials, including tolls
    June 23, 2015
    Melbourne’s road users are the focus of a year-long study into what options are possible for funding road infrastructure projects including various user-pays models. The study headed by Australian toll roads operator Transurban will conducted across Melbourne’s entire road network to see how drivers react to tolling and other road-use models such as charging motorists for each kilometre travelled, a charge to access roads, annual fixed costs per kilometre on expected usage and price per trip. It will al
    Read More
  • AfPA alarmed over Australia’s new funding split
    November 17, 2023
    The Australian Flexible Pavement Association says the federal government’s plan for a 50:50 split with states and territories is highly “controversial” and comes amid major road and rail project cancellations.
    Read More
  • New design for Sydney’s WestConnex motorway project third stage
    November 14, 2016
    Sydney’s proposed WestConnex motorway will be wider than planned to accommodate four instead of three lanes in each direction, according to media reports. The changes are part of a revamp of the third and final stage of the ambitious project in the capital city of Australia’s eastern New South Wales state. Some exit and entry ramps will also be scrapped but the overall cost of just under US$5.3 billion for the third stage remains unchanged, reported the Sydney Morning Herald newspaper. The projects
    Read More
  • Nepal's upgraded links
    May 25, 2012
    The Indian Government is providing assistance for road construction work in neighbouring Nepal. This assistance is for building the Kulekhani – Kathmandu road section, which will be widened and upgraded with an asphalt surface. The road will be widened to 7.5m and the work is being carried out by Indian Contractor Golden Goods. Meanwhile asphalt surfacing work is has now been completed on Nepal’s Hetauda-Bhimphedi-Kulekhani-Pharphing-Chaimale road Section. Surfacing work is in hand on the remaining 21km sec
    Read More

Highlighted Content