Sydney airport link over budget?

Concern is being expressed in Australia over the cost of the new highway connecting Sydney International Airport with the city. The M12 highway project was originally expected to cost US$881.65 million (A$1.25 million). However some reports suggest that the work may now cost as much as $973.34 million (A$1.38 billion). New solutions are being sought in a bid to reduce the cost of the project. Additional financing solutions are also being looked into for the work, including revised tolling options.
January 25, 2019 Read time: 1 min
Concern is being expressed in Australia over the cost of the new highway connecting Sydney International Airport with the city. The M12 highway project was originally expected to cost US$881.65 million (A$1.25 million). However some reports suggest that the work may now cost as much as $973.34 million (A$1.38 billion). New solutions are being sought in a bid to reduce the cost of the project. Additional financing solutions are also being looked into for the work, including revised tolling options.
Finance & Funding

Related Content

  • Sydney Airport road link tender opening
    July 17, 2019
    The tender process is opening for a new road link to connect with Sydney International Airport in Australia’s New South Wales State. Called the ‘Sydney Gateway Project’ the new road link is expected to cost in the region of US$1.55 billion (A$2.2 billion) to build. The new route would improve transport connections between Paramatta, on the city’s western side, and the airport, located to the east. Building the new road connection is expected to help lower peak time congestion and journey times for drivers.
    Read More
  • Illinois sets road maintenance budget
    November 2, 2016
    Illinois tollway has outlined its budget plans for 2017. The agency expects toll revenues to hit US$1.38 billion for 2017. The plans in the tentative budget call for 75% to be directed to develop infrastructure. Some $336 million will be used for operations and maintenance while $639 million will be used for capital investments. The combined figures planned in the tentative budget for operations and maintenance and capital investments represent an increase of $14 million over the combined sum for 2016. A
    Read More
  • Ethiopia’s building roads
    November 29, 2013
    Ethiopia is set to benefit economically from investment in a number of new key road links totalling over US$1 billion. The east African nation’s 218km Modjo-Hassan highway is expected to cost US$720 million to construct. The highway will be constructed in two stages. The first section of the route will stretch 93km from Modjo to Zeway and is expected to cost $350 million to complete. The second section of the highway will be 125km long and link Zeway with Hewassa and this stretch is estimated to cost $370
    Read More
  • Kenya’s international airport link now more costly
    March 9, 2018
    Dissatisfaction has been expressed in Kenya over the increased cost for the highway upgrade connecting capital Nairobi with its international airport. The new highway link will cost nearly US$584 million, instead of the $376 million originally anticipated. The link has had to be redesigned and will now feature a number of flyover sections and underpasses instead of being elevated for the entire 43.5km stretch between the airport and Rironi. The new highway section will be tolled and will connect Jomo Kenyat
    Read More

Highlighted Content