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

  • Colombian road developments benefit from budget
    July 2, 2019
    A new budget for road development works has been set for Colombia’s Arauca, Boyaca, Casanare, Cundinamarca, and Santander departments. Improving road links has been set as a priority by the Colombian Government. For the 10 year period from 2019 to 2029, some US1.2 billion is being budgeted for developing road infrastructure as well as tourism facilities in the respective departments. Of this budgets, around 2/3rds will be provided by the Colombian Government. Local authorities will be expected to provide th
    Read More
  • Brazil budget cuts cause project delays
    April 30, 2015
    Brazil’s Transport Ministry is to postpone 30 major projects due to budget cuts. The Ministry of Transport says that 30 projects that would have been launched in 2015 will now be postponed due to the reduced budget. The cut is estimated to be between 30% and 40% of the Ministry's budget, cutting up to US$2.04 billion in funding. Instead the Transport Ministry will now focus on projects that are already complete or close to being finished. However those projects considered to be of value to the national econ
    Read More
  • Russian road development – budget allocated
    July 2, 2020
    A massive budget has been allocated for Russian road development.
    Read More
  • Technology improving safety on Australian roads
    July 14, 2023
    New technology is improving safety on Australian roads.
    Read More

Highlighted Content