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

  • Russian, road, bridge and tunnel projects
    October 4, 2017
    New highway and bridge projects are being planned that will boost connectivity in the Russian Federation. One project lies close to the city of Ufa while another is in the Perm Region. The project to build the new Eastern Exit highway link close to Ufa, capital of the Republic of Bashkortostan, is now expected to cost US$590.1 million, compared with the $503.3 million that was originally anticipated.
    Read More
  • Australia road and tunnel project faces questions
    December 19, 2018
    Uncomfortable questions are being asked about Australia’s WestConnex toll road project. An inquiry carried out by the New South Wales Parliament says that the transparency of the US$11.85 billion (A$16.8 billion) project has not been satisfactory. Questions have been asked about the operation of the Sydney Motorway Corporation, with regard to its accountability and disclosure methods. Questions have also been asked about the cost of the new highway stretch linking with Sydney’s international airport. The 3
    Read More
  • Costa Rica road projects moving forward - slowly
    July 18, 2017
    Costa Rica is moving ahead with a series of major road projects, but progress is proving slower than anticipated or desired. The Costa Rica Government is struggling to achieve satisfactory progress with its overall road improvement programme. So far the key focus has been on maintaining existing links rather than building and improving road connections. The country’s National Laboratory for Structural Material and Models (Lanamme) has produced a report revealing that 85% of the national roads are in accepta
    Read More
  • US$5.9 billion for three Philippines expressways
    July 10, 2024
    US$5.9 billion is being spent for three new expressways in the Philippines.
    Read More

Highlighted Content