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

  • New road links will cut congestion in St Petersburg
    June 20, 2016
    Road building will solve the problem of traffic jams in St Petersburg – Eugene Gerden writes The authorities in Russian city St Petersburg plan to solve the problem of traffic jams in the city during the next few years. The strategy is expected to be achieved through road building and the improvement of transport connections between different districts in the city. Implementation of these plans will take place as part of the decree 355 "Of the Strategy of St Petersburg Economic and Social Development
    Read More
  • Australian road project costing more
    October 6, 2021
    An important Australian road project is costing more.
    Read More
  • Norway transport budget boost
    October 21, 2022
    Norway is seeing a transport budget boost for 2023.
    Read More
  • Carbon emissions discussion
    March 22, 2012
    Smarter steps to reduce carbon emissions are being proposed by a new study from The Chartered Institute of Logistics and Transport in the UK (CILT). With transport accounting for nearly 25% of the UK’s carbon emissions, and at a time when governments are agreeing to move forward together on reducing emissions, CILT is calling for a balanced approach to carbon management and better assessment of the carbon impact in making transport investment choices.
    Read More

Highlighted Content