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

  • US$201.5 million loan for Ivory Coast road
    October 7, 2024
    A US$201.5 million loan will help pay for an Ivory Coast road project
    Read More
  • Approval for Moscow’s ring road reconstruction
    October 15, 2015
    Moscow’s ring road is due for rebuilding – Eugene Gerden writes. The Moscow city authorities have finalised the project of the reconstruction of the Moscow Ring Road. The ring road encircles the City of Moscow and the plan was announced by Marat Khusnullin, deputy mayor of the city. Khusnullin said that, to date, the Moscow city government has completed 90% of the design documentation of the project.
    Read More
  • Montreal puts road repairs at heart of capital works plan
    August 22, 2013
    The Canadian city of Montreal has put road and waterworks repairs at the heart of its capital works programme for 2014-2016. The programme, covering almost US$3.62 billion (CAD 3.8 billion) in infrastructure expenditure priorities, is lower by $287.61 million (CAD 300 million) compared to the one presented in 2012. It is due, if approved, for implementation from mid-September 2013 Nearly 75% of the capital works programme is allotted for maintenance and repairs, while new developments account for the
    Read More
  • S&P Global Rating: credit stability for toll road operators
    August 14, 2017
    The outlook is generally stable for business conditions and credit quality for toll roads worldwide, according to the latest survey from ratings agency S&P Global.The exception is the US where the overall outlook is “positive”, noted the report S&P Global Ratings' 2017. The 21-page report considers broad economic and industry-specific trends. It looks at economic conditions, demographic trends and geopolitical risks that affect the movement of people and goods. “We expect stable or improving, but still frag
    Read More

Highlighted Content