Australian roads budget aimed at urban stretches

The Australian Government is only allocating central funding to urban road projects in its Budget 2015. Major projects that will receive federal funding are the WestConnex motorways, urban roads around Badgerys Creek and the widening of the Pacific Highway. The Federal Government will provide US$1.2 billion (A$1.5 billion) in grant funding as well as an additional $1.6 billion (A$2 billion) loan for the WestConnex project. Meanwhile the NorthConnex project under the Pennant Hills Road in Sydney will receive
May 15, 2015 Read time: 1 min
The Australian Government is only allocating central funding to urban road projects in its Budget 2015. Major projects that will receive federal funding are the WestConnex motorways, urban roads around Badgerys Creek and the widening of the Pacific Highway. The Federal Government will provide US$1.2 billion (A$1.5 billion) in grant funding as well as an additional $1.6 billion (A$2 billion) loan for the WestConnex project. Meanwhile the NorthConnex project under the Pennant Hills Road in Sydney will receive $324 million (A$405 million). The roads in Badgerys Creek will be upgraded at a cost of $2.32 billion (A$2.9 billion).
Finance & Funding Road Structures

Related Content

  • IRF strives for improved road safety
    November 1, 2012
    The latest in the series of major road safety conferences hosted by IRF’s India Chapter will take place in New Delhi from 1-2 November 2012, with the focus on Urban and Rural Roads Each day, thousands of people are injured or killed on roads around the world. According to the World Bank, “the social and economic losses from road deaths and injuries in low and middle-income countries are projected to be on a catastrophic scale. . .” Globally, road injuries and deaths are due to a number of factors. This unde
    Read More
  • Italy road investment from management firm
    October 13, 2017
    The Italian firm ANAS which manages much of the country’s network is setting out a major programme for road investment. In all €29.5 billion will be spent on upgrading Italian roads managed by ANAs over the next five years. This budget includes the €23.4 billion for new civil engineering work. Of the €23.4 billion, €8.4 billion is aimed at the completion of existing sections of road while €10.5 billion is for maintenance work or safety upgrades.
    Read More
  • Report reveals Russia requires heavy road investment
    May 18, 2012
    A report by Goldman Sachs reveals Russia’s requirement for further infrastructure investment. The report, Russian Infrastructure and Construction, shows that investments in transport corresponded to 1.5-1.7% of GDP in 2005-2010. For Russia’s total infrastructure needs, including power networks and communications, spending equated to 3.7-4.3% of GDP. But the report shows Russia should allocate at least 3.5-4.5% of its GDP to infrastructure while maintenance of existing infrastructure should make up about 50%
    Read More
  • National Road Assessment Programme launched to eliminate high-risk roads in Tanzania
    November 29, 2022
    A key milestone of the Ten Step Project Tanzania, TanRAP – launched on 14 September 2022 – is an initiative headed by the Ministry of Works and Transport (MoWT), which aims to build capacity and improve the safety of road infrastructure in the country in partnership with other leading stakeholders such as Tanzania National Roads Agency (TANROADS), Tanzania Rural and Urban Roads Agency (TARURA), Tanzania Road Association (TARA), National Institute of Transport (NIT), Road Safety Ambassadors (RSA), Roads Fund Board (RFB), development banks, mobility clubs, road safety NGOs and industry.
    Read More

Highlighted Content