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 New South Wales (NSW) government in Australia will invest AD $5 billion (US $4.95 billion) to build and maintain critical road and maritime infrastructure across NSW as part of the 2012/13 State Budget.
“This year’s budget includes a significant investment aimed at tackling congestion in our busy city areas and improving our rural and regional network with major commitments to the Pacific, Princes, Hume and Great Western highways,” said NSW roads and ports minister Duncan Gay.
The Australian Government is allocating additional funding to renew its infrastructure and to improve transport in the major cities work in its 2011-12 budget.
Morocco is spending 2.8% of its annual budget on maintaining and building roads as part of its 2008-2012 plan. For 2010, the state will allocate a budget of US$777 million on roads, a significant increase over the $413.6 million spent in 2006.
Plans are moving forward with regard to the Iloilo-Guimaras-Negros Bridge in the Philippines. Building the 13.2km bridge is expected to cost up to US$457 million and take three years to be completed once the construction gets underway. The bridge will be built in the Visayas Region of the Philippines and would link a number of islands, replacing the ferry services in use at present. Chinese expertise may be employed to help design and construct the link while South Korean sources could deliver a portion of
