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

  • Norway road project sees cost reduction
    October 25, 2017
    New technology now looks likely to reduce the cost of Norway’s massive Ferry Free E39 road project. The work had originally been expected to come with a price tag of as much as €36.47 billion (NOK 340 billion) when the plans were announced in early 2016. According to the Norwegian Public Roads Administration (Statens vegvesen), the crossing over the Bjørnafjorden is now likely to be €858.1 million (NOK 8 billion) less costly
    Read More
  • Highway link for Melbourne, Australia
    December 9, 2015
    Plans are now well in hand in Australia for the US$4.04 billion Western Distributor Project in Victoria, due for completion in 2022. The project will be built under a new partnership between the Victorian state government and Transurban. The road project is supported by the Victorian Transport Association and will connect the West Gate Freeway to CityLink. The new route will help reduce the numbers of HGVs using the West Gate Bridge and will also upgrade the link to the Port of Melbourne. The project calls
    Read More
  • Colombia’s ANI agency is driving forward the 4G PPP programme
    April 4, 2016
    Andrade Moreno is a man on a mission. The head of Colombia's infrastructure agency ANI explains how the organisation is giving foreign companies increasing confidence to invest time and money in the country. David Arminas reports Change, especially when it touches the highest levels of South American business and politics, can bring with it personal danger. Luis Fernando Andrade Moreno, president of Colombia's National Infrastructure Agency - ANI - was aware of this when he took on the role in 2011. B
    Read More
  • Norway’s new ‘green’ highway route
    November 13, 2020
    A new route in Norway will provide a faster and greener highway connection between the capital city Oslo and the northern city of Trondheim
    Read More

Highlighted Content