Western Australia’s additional road funding

Western Australia is receive an extra US$397 million (A$499 million) in road funding from the Australian Government. This is in order to make up for a huge fall in the state’s revenues, due at least in part to the drop in mining activity. The Australian Government believes the funding will allow Western Australia to proceed with its plans to construct key infrastructure projects.
May 7, 2015 Read time: 1 min
Western Australia is receive an extra US$397 million (A$499 million) in road funding from the Australian Government. This is in order to make up for a huge fall in the state’s revenues, due at least in part to the drop in mining activity. The Australian Government believes the funding will allow Western Australia to proceed with its plans to construct key infrastructure projects.
Finance & Funding

Related Content

  • Australia road repairs for Victoria State
    April 4, 2017
    Poor road conditions present a major hazard to drivers in the Australian state of Victoria. Research by Australian motoring club, RACV, of data from VicRoads shows that 1,452km of the regional road network, around 7.4% of the system, is in a distressed state. The RACV is urging Victoria’s State Government to boost its road repair budget for 2017 to US$229 million (A$300 million) and begin tackling the problem. In all $916 million will be required to address the state’s road repair problem as long as work st
    Read More
  • Australian road project costing more
    October 6, 2021
    An important Australian road project is costing more.
    Read More
  • Show me the money at Australian Summit
    September 4, 2012
    The question of how to finance and fund major road infrastructure projects in Australia – including the potential role of user-pays charging as a funding solution – was top of mind at the recent Roads Australia National Summit in Sydney. The two-day summit, organised by peak national body Roads Australia, is the largest and most influential annual gathering of industry decision-makers in the country. This year’s summit was held against a backdrop of concern over the future of a raft of major road projects t
    Read More
  • Major highway improvement project on track in Colombia
    February 29, 2016
    In Colombia plans are now in hand for a major highway improvement project. Concesión Pacífico Tres is joint concession operator of the tolled links for Colombia’s major commercial regions connecting with the Pacific port hub. US firm Milbank, Tweed, Hadley & McCloy has provided advice to Colombian Concessionaire Concesión Pacífico Tres SAS and its sponsors, MHC Ingeniería y Construcción de Obras Civiles and Construcciones El Cóndor, and Costa Rica’s infrastructure company Constructora MECO. The advice was
    Read More

Highlighted Content