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

  • South Carolina highway project due to commence
    May 19, 2021
    A major South Carolina highway project will commence in 2022.
  • Funding doubts over major highway project
    May 15, 2012
    Slovakia’s troubled D1 highway project continues to be a topic of controversy in the country, with doubts over whether there are sufficient funds to pay for the completion of the route. A political debate focuses on whether the Transport Ministry should have extended the deadline for the agreement of the financial package for the first tranche of contracts for the highway. The Slovenske Dialnice consortium recently met with the Transport Ministry over the decision not to continue with the PPP project to c
  • Funding for Colombia road project
    June 20, 2023
    Funding has been secured for a major Colombian road project.
  • Kenya-Tanzania connection partial funding found
    October 13, 2017
    A large chunk of the funding required for the improved road connection between Kenya and Tanzania has now been sourced. The African Development Bank (AfDB) will provide US$300 million of the financing required for the project. However the remaining $485 million of funding necessary still remains to be secured.