Skip to main content

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).

Related Content

  • German road spend increase
    April 30, 2012
    Germany’s Government intends to boost transportation infrastructure spending, with the majority of funds going towards roads. An increase of €1 billion will be targeted at transport with some 60% of that budget being used for improvements to the country’s road network. In contracts some 30% will be for port, canal and general shipping infrastructure with a mere 10% for rail investment. The German Government has also granted approval for work to the next stretch of the A44 autobahn. The new 7km link will run
  • Tanzania’s work on East Africa’s multi-national road project
    November 28, 2022
    Tanzania is kick-starting construction work on the missing link in East Africa's multinational road
  • Sri Lanka rural road programme developed
    December 1, 2017
    Sri Lanka is setting out plans for improvements to around 3,400km of rural roads. The work will largely be paid for through a loan from the Asian Development Bank (ADB). The work will cost US$172.1 million in all, of which $150 million will be in the shape of the ADB loan and the remaining $22.1 million coming from the Sri Lankan Government budget.
  • ASEAN Investors’ Brief: A Dynamic hub for Road Programs
    August 22, 2016
    If the countries of the Association of Southeast Asian Nations (ASEAN) formed a single economic entity, they would represent the 7th largest economy in the world, with an expectation to be the 4th largest by 2050 on current growth patterns. It is a region with much unrealised potential and favourable demographic trends. It also lies at the heart of several regional trade initiatives that will significantly boost infrastructure investments in the region, such as China’s 'One Belt, One Road' programme