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

  • Australia’s new airport in Queensland
    August 18, 2015
    The first new airport constructed in Australia for 45 years is now open for business. The Brisbane West Wellcamp Airport in Queensland is located 17km to the west of Toowomba. The facility was completed at the end of last year by Wagners, an Australian family-owned construction company. Toowoomba lies in the Darling Downs region of Queensland, located 126km west of Queensland’s capital city, Brisbane. Toowoomba’s population of approximately 165,000 makes it Australia’s second-most populous inland city. T
  • Thailand highway and bridge projects underway
    September 27, 2017
    Plans are being up in Thailand’s capital Bangkok for a new expressway project in a bid to cut the city’s chronic congestion problem. This new route would provide a connection between the Western Outer Ring Road and Rama II Road. The project is being planned by the Expressway Authority of Thailand (Exat). Financing for the project worth US$918.3 million will be provided by the Thailand Future Fund (TTF). The new route will include an elevated stretch from Rama II's traffic island towards the Western Outer Ri
  • Australia spending on road development programme
    November 15, 2016
    The Australian state of Victoria will benefit from US$2.26 billion (A$3 billion) in funding for planned road projects. This financing will be split equally by the Federal Government and the Victoria State Government. Some $520 million (A$690 million) will be spent on regional and rural road projects while $753.3 million (A$1 billion) will be used to upgrade the Monash Freeway as well as for other works including improving the M80 Ring Road.
  • Chinese investment sought for Cameroon roads
    September 19, 2024
    Chinese investment is being sought for Cameroon’s road improvements.