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

  • Caterpillar reports strong performance for first quarter
    April 28, 2017
    Caterpillar is reporting a strong financial performance for its first quarter results for 2017. The company has revealed higher year-over-year sales and revenues for first time in 10 quarters. The first-quarter sales and revenues were up from 2016, while the firm saw an outstanding operational performance in this period. The full-year sales and revenues outlook meanwhile has been raised to a range of US$38 billion to $41 billion.
    Read More
  • Indian airport revamp sets record
    September 2, 2022
    The use of machines from Dynapac has helped deliver upgrade work at Ahmedabad Airport in India, while setting production records
    Read More
  • IRF kick starts the year with events in Nice, Singapore and Sydney
    March 28, 2018
    IRF Geneva is reaching out to partners and members throughout a series of events hosted around the world. The IRF will start the year with three major events respectively in Nice, Singapore and Sydney. IRF Geneva is pleased to support the second Pavement Preservation and Recycling Summit (PPRS) which will take place in Nice (France) on 26-28 March 2018. Better maintenance of road infrastructure and urban networks is key to support the projected level of mobility of people and goods. Preventing our roads fr
    Read More
  • Kerch Strait Bridge project budget
    July 13, 2016
    A new budget projection has been set for Russia’s landmark Kerch Strait Bridge project. A close analysis of the various cost factors has now set the project’s pricetag at US$3.57 billion. Originally the project was expected to cost in the region of $1.5-3 billion but the challenging conditions and the tough winter climate have led to increased costs. The bridge will be 4.5km long and link Russia’s Taman Peninsula with the Crimean Peninsula.
    Read More

Highlighted Content