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

  • Third stage of Sydney’s WestConnex tunnel to be 1km longer
    December 4, 2014
    Changes to the third stage of the planned WestConnex motorway have been announced by Duncan Gay, Roads Minister of Australia’s New South Wales state. The motorway tunnel will be 8km, around 1km longer than initially announced under the US$9.7 billion WestConnex project of 33km of new roads around the city of Sydney. The changes are not likely to cost more, according to the NSW government. The third stage would cover the route between Haberfield and St. Peters and be constructed between 2018 and 2023.
    Read More
  • Canada: LINK 427 wins Ontario’s Highway 427 Expansion contract
    March 16, 2017
    LINK 427 has been selected for the US$457 million design, build, finance and maintain contract for the Highway 427 Expansion project in Ontario province. The LINK team consists of ACS Infrastructure Canada, Dragados Canada, Bot Infrastructure, Brennan Infrastructures, MMM Group and Thurber Engineering. The project, in the Toronto area, includes a new 6.6km extension of Highway 427 from Highway 7 to Major Mackenzie Drive and widening of 4km from Finch Avenue to Highway 7. Work includes building thre
    Read More
  • More studies for the Great Istanbul Tunnel under the Bosporus
    March 11, 2019
    Work has started on a geological condition field study for a proposed 6.5km three-deck road and rail tunnel under the Bosporus Strait in Istanbul, Turkey. Average daily road traffic through the Great Istanbul Tunnel is expected to be 120,000 vehicles and the rail line will move around 75,000 people daily. The tunnel, announced in 2015, will be nearly 19m in diameter and have two road levels and one rail level. It will run between Gayrettepe on the European side and Küçüksu on the Asian side. The ci
    Read More
  • Julián Núñez, head of ASECAP offers a little Spanish enlightenment
    May 1, 2018
    Julián Núñez, president of ASECAP, gets his teeth into the vision of a European strategy for toll roads. David Arminas reports from Madrid Getting European politicians to agree to a long-term cross-border highway infrastructure programme for toll roads is extremely difficult. It’s a bit like pulling teeth. People want to avoid the pain. This is perhaps a bad analogy to use in the case of Julián Núñez, president of ASECAP - European Association of Operators of Toll Road Infrastructures. Núñez had just sat
    Read More

Highlighted Content