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

  • Japanese funding for Philippines tunnel project
    January 30, 2017
    A new tunnel project in the Philippines is to be constructed with the help of Japanese funding. The project calls for the building of a new tunnel section connecting the centre of Davao City with its southern tip. Necessary funding for the work is being provided by the Japan International Cooperation Agency (JICA). The official development assistance (ODA) loan being provided by the JICA is worth US$232.74 million. The new Davao City bypass construction project in 2015 will be developed using Japanese exper
    Read More
  • Boral and Global Ecofuel enter the biofuel and bitumen arena
    May 9, 2019
    An Australian government agency has awarded around US$350,000 to two companies to investigate the production of bitumen and diesel from wood waste. If successful, Australia’s state of New South Wales could become home to the world’s first biorefinery turning sawmill residues into renewable bitumen and diesel, according to ARENA - the Australian Renewable Energy Agency. Under the $842,000 million study, Boral Timber, a major supplier of hardwood and softwood in Australia, will explore the technical and
    Read More
  • Lack of foresight for UK roads
    April 26, 2012
    The UK's National Audit Office (NAO) has criticised the Department for Transport's (DfT) budget cuts on the grounds that they will increase costs for users. A new report from the NAO suggests that the DfT has no long term strategy and that the cuts lack strategic understanding.
    Read More
  • New port links are planned for Italy
    July 13, 2023
    New port links are now being planned for Italy.
    Read More

Highlighted Content