Skip to main content

Australia highway project funding found

Funding has been secured to pay for the Gympie bypass project in Queensland, Australia. The 26km project is expected to cost US$ 767.4 million (A$1 billion) in all. The Australian Government will provide 80% of the funding required, with the remaining 20% being provide by Queensland State’s budget. This section of road will extend the Bruce Highway and is intended to cut congestion in the area.
April 30, 2018 Read time: 1 min
Funding has been secured to pay for the Gympie bypass project in Queensland, Australia. The 26km project is expected to cost US$ 767.4 million (A$1 billion) in all. The Australian Government will provide 80% of the funding required, with the remaining 20% being provide by Queensland State’s budget. This section of road will extend the Bruce Highway and is intended to cut congestion in the area.

Related Content

  • New highway works planned for India
    February 10, 2025
    Major new highway works are planned for India.
  • Key Australian road projects underway
    December 19, 2014
    In Western Australia plans are in hand for the new Perth freight link. This will run between Muchea and Fremantle, and it will start with the Roe 8 project and extend Roe Highway through to Stock Road. The route will remove some 500 trucks/day from the Leach Highway, helping cut congestion. The project will cost around US$1.3 billion (A$1.6 billion), with funding split between the Western Australia State Government and the Federal Government. The route should be complete in 2016. Also in Australia, work has
  • Tasmanian bridge proposal faces controversy
    October 27, 2020
    The design proposal for a new Tasmanian bridge project faces controversy.
  • Cost reductions on Russian highways
    July 12, 2012
    Major cost reductions are being seen on some key highway projects in Russia including the new ring road project in St Petersburg, where the reduction is US$192.31 million. The management of the ring road in St Petersburg has signed an agreement with the main contractors (Flora, the corporation Inzhtransstroy) to cut costs by 12-17.6% in 2009-2010. The 12% reduction is equivalent to US$32.05 million and will apply to contractors that are to complete facilities in 2009. Meanwhile the 17.6% cut is for work pla