Australian road development plans

Financing worth over US$705 million (A$1 billion) has been secured for road projects in New South Wales, Australia. This budget is for the 2019-2020 period and will pay for over 40 separate road projects. One of the key road projects targeted in the programme of works is for the M4 Smart Motorway, connecting Parramattta and Penrith. The work to the M4 is expected to cost $75.75 million (A$107.4 million). Meanwhile in Adelaide, South Australia, plans are in hand for a $283.5 million (A$402 million) grade
June 19, 2019 Read time: 2 mins
Financing worth over US$705 million (A$1 billion) has been secured for road projects in New South Wales, Australia. This budget is for the 2019-2020 period and will pay for over 40 separate road projects. One of the key road projects targeted in the programme of works is for the M4 Smart Motorway, connecting Parramattta and Penrith. The work to the M4 is expected to cost $75.75 million (A$107.4 million).


Meanwhile in Adelaide, South Australia, plans are in hand for a $283.5 million (A$402 million) grade separation project. The work will be carried out at Brighton Road (Hove) and Torrens Road (Ovingham). This comes in addition to $215.1 million (A$305 million) for upgrades to intersections as well as a budget of $498.6 million (A$707 million) for measures to reduce traffic congestion in the city. Planned works include $120.6 million (A$171 million) and $162.9 million (A$231 million) for the rail crossings at Brighton Road and Torrens Road respectively.

Finance & Funding

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