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

  • Brisbane’s new airport link is an engineering success
    April 12, 2013
    Financial troubles for Brisbane's new Airport Link overshadow its construction success – Adrian Greeman writes. Political argument and legal dispute is likely to rage for some time yet over the bankruptcy of Australian road operator BrisConnect, which went into receivership this February with A$3 billion in debt. Toll paying users for its new Airport Link have been less than half the predicted numbers since it opened in July last summer. But if its nancial engineering is being questioned, the same is not t
    Read More
  • Denmark fixed link project proposed
    March 18, 2022
    A new fixed link project is proposed to span Denmark’s Kattegat strait.
    Read More
  • Italy budgets for highway maintenance, upgrades
    May 15, 2012
    Between January and September 2009, some €1.27 billion was invested into Italy’s highway network. This equated to 92% of the €1.38 billion originally estimated in the financial plan. ANAS, the Italian public motorway concessionary, said that by the 31 December, 2008, some €40.1 million was budgeted for ordinary maintenance, and €451.5 million linked to the financial benefit for delayed investments. The highway sector has an investment plan worth over €40.7 billion, of which €7.2 billion is for Concessioni
    Read More
  • US$250 million Colorado construction contract commences
    June 26, 2024
    A US$250 million Colorado highway construction contract is now underway.
    Read More

Highlighted Content