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.
Ethiopia is planning a series of road projects as part of its Growth & Transformation Plan. These road projects are worth close to US$128 million in total, with the plans being managed by the Ethiopian Roads Authority (ERA). Four construction companies have been awarded the contracts by the ERA. The Chinese contractor CGC Overseas Construction Group will rebuild the 60km Shambu-Backo link in a deal worth $45.7 million, providing the existing gravel road with a new asphalt surface. Local contractor Yemene Gi
Driving work has commenced for Colombia’s Toro Tunnel project. The tunnel will measure 9.8km long and is located in Colombia’s Antioquia Department, with the completion expected in 2022. The project is costing US$650.5 million and the link is intended to provide a link between the Autopista al Mar 1 and Autopista al Mar 2 highways. When complete the tunnel will also cut the travel time between Medellin and Uraba to four hours.
The Global Financial Crisis (GFC) has drastically changed the way governments and the private sector is prepared to procure vital infrastructure projects, says Philip Davies Governments have responded to the GFC by focusing on long term investment in transport infrastructure and shorter term stimulus packages to kick-start economies.
As these projects proceed, the focus will shift to maintaining and achieving maximum benefits from assets and future infrastructure funding. The Public Private Partnership (PP
The first new airport constructed in Australia for 45 years is now open for business. The Brisbane West Wellcamp Airport in Queensland is located 17km to the west of Toowomba. The facility was completed at the end of last year by Wagners, an Australian family-owned construction company. Toowoomba lies in the Darling Downs region of Queensland, located 126km west of Queensland’s capital city, Brisbane. Toowoomba’s population of approximately 165,000 makes it Australia’s second-most populous inland city.
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