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

  • VIDEO: Nexus picks up Toowoomba bypass project in Queensland, Australia
    August 21, 2015
    Nexus Infrastructure group has signed a contract with the Australian government to deliver the Toowoomba Second Range Crossing project in Queensland state, costing nearly US$1.2 billion.

    Nexus will design construct, finance, operate and maintain the 41km route that will bypass the city of Toowoomba, east to west.

    Toowomba and district, with a population of around 158,000, is inland 125km west of Queensland's capital city Brisbane, on Australia’s northeast coast.
    Read More
  • Cambodia road reconstruction projects, financing secured
    March 28, 2018
    Financing has been secured for key road reconstruction projects in Cambodia. Work is being carried out on six road projects in the country that measure a total of 600km, as well as a bridge, with this all costing some US$490 million. A loan of $94 million will help pay for the rebuilding of Cambodia’s National Road No 11 as well as a stretch of bypass. In all 96.5km of road will be rebuilt for this project, with the work intended to improve transport connections between Thbong Khmum Province and Prey Veng P
    Read More
  • Philippines infrastructure projects - funding plans
    June 19, 2020
    Funding plans are being set out for key infrastructure projects in the Philippines.
    Read More
  • Western Australia roads upgrades being planned
    October 5, 2017
    Three road upgrades are being planned in Western Australia, which will improve safety and journey times for drivers, while cutting congestion at peak periods. Funding for the projects will be provided jointly by the Australian Federal Government and the Western Australia State Government.
    Read More

Highlighted Content