Australia road contract awarded to South Korean firm
The 13km M4-M5 Link in Sydney, Australia is to be constructed by the South Korean contractor, Samsung C&T. The project is worth US$788.5 million. The new link will be constructed as an underpass and is due for completion in mid-2023.
August 22, 2018
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The 13km M4-M5 Link in Sydney, Australia is to be constructed by the South Korean contractor, 1026 Samsung C&T. The project is worth US$788.5 million. The new link will be constructed as an underpass and is due for completion in mid-2023.
Several major highway projects are being planned for Vietnam. The largest is for the construction of the North-South Expressway, which will improve transport connections for the country. Financing is being secured for the North-South Expressway, with some US$5.23 billion being secured. The Vietnamese Government will pay up to 39% of the cost of the work, with loans and private sector funding paying for the remaining 61%. Meanwhile a South Korean contractor will carry out a series of road projects in Can
In China, the news that the construction industry has been waiting for came with an announcement over infrastructure spending. The Chinese Government said it will invest heavily in infrastructure spending over the next few years, some US$157 billion, particularly in extending the country’s high speed rail network. Some $4.45 billion will be invested in transport infrastructure in 2012. Of the total, $790 million will go on rural road improvements, of which 88% will be used in the central and western regions
Plans are in hand for the construction of the Sydney Gateway project, which will now see an improved connection to the city’s airport. The highway at St Peters will now be extended to Sydney Airport. The work will cost US$1.85 billion (A$2.6 billion) and will be funded jointly by the Australian Government and Sydney Airport. The work should be completed by 2023. The route will not be tolled.
