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.
Finance & Funding

Related Content

  • Funding package secured for Myanmar bridge project
    December 4, 2018
    Funding has been secured for an important bridge project in Myanmar. The new bridge will connect the key commercial city of Yangon with Dala, spanning the Yangon River. The Economic Development Cooperation Fund of South Korea is providing a loan worth close to US$138 million for the work. The Myanmar Government is also providing over $188 million for the project. Originally the bridge was expected to cost $168 million but a series of design changes have resulted in a larger budget being required. One of the
    Read More
  • Sandvik wins tunneling machine deal in Australia
    July 6, 2015
    Sandvik is supplying a major order of tunnelling machinery for use on a construction project in Australia. This deal is for a major tunnelling project in Sydney. The NSW Government, Transurban and the M7 Westlink Shareholders (the Project Sponsors) are in process to build, operate and maintain a tolled motorway linking the M1 Pacific Motorway at Wahroonga to the Hills M2 Motorway at West Pennant Hills. The new route will be called NorthConnex.
    Read More
  • Australia: Adelaide's South Road upgrade to be a 1km longer
    December 18, 2015
    The US$644 million South Road upgrade in Adelaide will be 1km longer than planned following cost savings measures, according to a report by the Australian Broadcasting Corporation. Much of the savings were gained through design improvements and fewer relocations of services such as gas, water and electricity. A report by ABC in May said that completely turning Adelaide's South Road into a non-stop north-south corridor in the next decade 10 will cost just over $5.04 billion. ABC News said it had see
    Read More
  • Nepal tunnel project funding from Japan
    December 1, 2016
    Funding from the Japan International Cooperation Agency (JICA) will help with the construction of a new tunnel as well as road links in Nepal. The US$168.56 million funding package comes in the shape of a loan to Nepal’s Government. This will be used to pay for the construction of a 2.5km tunnel that will link Nagdhunga with Naubise. The loan will also pay for the 7km of road on either side of the tunnel. The project is due for completion in 2022 and will fall under the jurisdiction of the Department of Roa
    Read More

Highlighted Content