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

  • Polish projects lined up
    July 3, 2012
    The Polish authorities are calling tenders for eight sections of a delayed stretch of the A1 highway. The 180km section is between Strykow to Pyrzowice and the tenders will be for design and construction work. The project is worth €1.8 billion and the contracts are expected to be signed in September of this year, with construction commencing in the second half of 2011 and due for completion in 2014. Meanwhile, over €84 million is being invested on a ring road construction project around Przemysl. Approval h
    Read More
  • Alimak reports strong business – acquiring other firm
    October 28, 2016
    The Alimak Group reports good business levels for the January-September 2016 period and is looking to make an acquisition. The firm said that it has had profitable growth in the third quarter with an operating margin (EBIT) of15.4%, compared with 15.2% for the same period last year. Meanwhile it has seen a 6% growth in order intake, driven by a healthy demand for construction equipment. The operating margin (EBIT) for after sales meanwhile has been 32.4%, compared with 29.5% for the same period last year.
    Read More
  • Fatalities increased on US roads during 2012
    July 5, 2013
    Cause for concern comes from the US where the National Highway Transportation Safety Agency (NHTSA) has revealed an increase in road fatalities during 2012. The NHTSA’s statistical projection of traffic fatalities suggests that 34,080 people died in vehicle traffic crashes in 2012, an increase of about 5.3% over the 32,367 killed in 2011.
    Read More
  • World Bank investment in Nepalese links
    July 19, 2013
    The World Bank is providingUS$99 million in funding to Nepal for a major transport project. The funding will come in the form of loans and grant assistance and is aimed at the Nepal-India Regional Trade and Transport Project (NIRTTP). This project includes the improvements to the Birgunj-Kathmandu corridor as well as the construction of a series of upgrades of the existing Narayanghat-Mugling road. The work will also include the construction of a logistics centre. The loans are worth $72 million while $27 m
    Read More

Highlighted Content