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

  • Mini-bridge aids Forth repairs
    July 17, 2012
    An engineering "first" means that rehabilitation work on a vital Scottish bridge built over 40 years ago can be carried out smoothly A new report to the Forth Estuary Transport Authority (FETA) in Scotland recommends appointing Balfour Beatty Civil Engineering of Edinburgh as 'preferred bidder' to carry out the scheduled replacement of the bridge's main expansion joints in 2009. However, the report to the bridge authority says the tender price of £13.7 million (US$21.3 million) is some £5 million ($7.8 mill
    Read More
  • A new airport for Crete
    October 1, 2024
    Crete's new airport is benefiting from the use of Dynapac machines.
    Read More
  • International firms compete in US bridge project tenders
    May 2, 2012
    The Spanish construction firm ACS is tendering for the construction and operation of four bridges in the US. The firm is tendering in partnership with some other US and international firms for some of the projects, which are worth a total of US$11.4 billion. The Tappan Zee project is expected to cost $5 billion and the deal will be for a design and construction contract. The bridge will be located in New York, is being developed by New York State Thruway Authority and will require two, four-carriageway brid
    Read More
  • Fehmarnbelt Tunnel start looms on the horizon - 2020
    October 20, 2017
    Work on the €7 billion immersed tunnel under the Fehmarnbelt could begin in 2020, according to the Danish state planning and operating company Femern. A construction start has been delayed on the 18km tunnel that will run between Germany and Denmark because of environmental and consultation issues in Germany. But Claus Baunkjaer, chief executive of Femern, said he is confident that Germany will give approval next year with another two years of preparations. Baunkjaer noted that Denmark is all set to p
    Read More

Highlighted Content