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

  • Tanzania’s work on East Africa’s multi-national road project
    November 28, 2022
    Tanzania is kick-starting construction work on the missing link in East Africa's multinational road
    Read More
  • New link for Shigatse Airport in China
    September 13, 2018
    A new 167km highway will be built in the Tibet Autonomous Region of China. This will provide an improved transport link between Shigatse (Xigaze) Peace Airport and Lhasa. The project is expected to cost US$3.95 billion. A feasibility study has been carried out into the project and submitted to the region’s transport department. The existing G318 National Road connects the airport with Lhasa but features a number of sharp turns and the new link will provide extra capacity as well as improved safety levels
    Read More
  • Sydney’s massive transport project
    July 23, 2019
    The proposed Western Harbour Tunnel and Beaches Link project in Sydney, Australia is coming in for renewed focus. Financing institutions are being invited by the New South Wales State Government to enter discussions over providing backing for the project. The new route will be one of the largest motorway construction projects for Australia should it get the go ahead. The work could cost US$9.9 billion (A$14 billion).
    Read More
  • Norwegian bridge faces questions
    October 16, 2019
    The cost of the planned bridge connecting Sotra Island to mainland Norway may be considerably higher than originally anticipated. The project could cost as much as €1.78 billion to carry out, which includes building the necessary road links and tunnel sections. With the concession for the bridge being planned as a 20-year package, there is concern that this will not be a viable deal for Norwegian firms. Construction is intended to be complete by 2026. A number of international firms have expressed an intere
    Read More

Highlighted Content