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$788.5 million. The new link will be constructed as an underpass and is due for completion in mid-2023.
The European Union has awarded €2 million of TEN-T (Trans-European Transport Network) financing to a study which aims at finalising the design of 13km section of motorway in Slovenia.
Concerns are being expressed in Australia that upgrades to the road system in Sydney will be delayed. The improvements to the F3 and M4 East to M2 extension are now likely to start in 2026 and the M2 to M4 East tunnel project are expected to commence in 2036.
Massive spending in a major road project will boost transport in Australia’s busy city of Sydney, helping cut chronic congestion. Building and improving the road links to connect with the new WestConnex motorway project is expected to cost in the order of US$ 21.97 billion in all. The construction of the WestConnex motorway is itself expected to cost some $12.7 billion. Meanwhile building the exit section at St Peters will itself cost in the order of $757 million.
In Australia, the states of New South Wales and Western Australia are both setting transport development as a priority. Both states are planning major spending programmes on new infrastructure projects, with transport representing a key portion of that future investment.
