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
Read time: 1 min
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.
A South Korean consortium is in line for a US$75 million loan from the Asian Infrastructure Investment Bank (AIIB) for a project in Kazakhstan.
The $900 million project around the city of Almaty will see development of a 66km highway with eight intersections and 21 bridges, according to a report in the Korea Herald.
The consortium consists of Korea Expressway and SK Engineering and Construction (SK E&C), noted a report by the Korean news agency Pulse.
Other banks that will provide loans to the cons
Financing is being sought in Australia for the a major tunnel project in New South Wales. The project is for the Western Harbour Tunnel, which is intended to run underneath Sydney Harbour. The route for the proposed tunnel would rund from the Rozelle interchange to the Warringah Freeway. The tunnel project forms part of a wider plan to build new road links in Sydney, in a bid to help reduce the city’s traffic problem. The new tunnel would lower journey times for drivers by cutting congestion on the famous S
