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

  • Kenyan capital’s key connection construction contract cost climbs
    February 27, 2018
    The project to build the new highway link from Kenya’s capital Nairobi to the city’s Jomo Kenyatta International Airport (JKIA) is now expected to cost US$579 million. This represents an increase of around $206 million from the pricetag originally expected for the link. This cost increase comes despite a substantial change in the design, with the route now featuring a series of flyover sections and underpasses, instead of being elevated along its 43.5km length as originally proposed. This redesign will
    Read More
  • New design for Sydney’s WestConnex motorway project third stage
    November 14, 2016
    Sydney’s proposed WestConnex motorway will be wider than planned to accommodate four instead of three lanes in each direction, according to media reports. The changes are part of a revamp of the third and final stage of the ambitious project in the capital city of Australia’s eastern New South Wales state. Some exit and entry ramps will also be scrapped but the overall cost of just under US$5.3 billion for the third stage remains unchanged, reported the Sydney Morning Herald newspaper. The projects
    Read More
  • Modern road system is 'a must'
    August 2, 2012
    Australia's GDP could see a major increase if traffic bottlenecks in big cities were to be removed, and the government is addressing this as a matter of urgency A modern road system is a must in Australia where it is estimated that the removal of traffic bottlenecks could potentially raise the country's GDP by 0.8%. According to the Committee for Economic Development of Australia (CEDA), which made the prediction, infrastructure bottlenecks (particularly in cities, which account for over 70% of the country'
    Read More
  • Australian mega-project facing scrutiny
    January 18, 2019
    Construction of the WestConnex project in New South Wales, Australia is facing criticism over a lack of accountability over the work. The US$11.85 billion (A$16.8 billion) project is intended to improve transport in and around the city of Sydney and involves building a 33km tolled motorway. The work is costly and complex, with much of the route being built in tunnels and this is Australia’s largest road project. However criticism has been levelled at the state government for not considering a number of opti
    Read More

Highlighted Content