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

  • Fiat Industrial achieves 6.2% revenues growth in 2012
    February 1, 2013
    Fiat Industrial achieved a 6.2% rise in revenues and trading profit in excess of US$2.71 billion (€2bn) during 2012 – an increase of 23.3% over 2011. Revenues in 2012 totalled €25.8 billion, as continued robust growth for agricultural equipment is said to have more than compensated for weaker trading conditions in other businesses. Trading profit was €2,079 million, up €393 million over 2011, with trading margin improving 1.2% to 8.1% on the back of what Fiat Industrial said was continued strong performance
    Read More
  • US$5.1 billion of project assistance grants available
    April 8, 2024
    US$5.1 billion of infrastructure project assistance grants are available.
    Read More
  • New junction designs for Nairobi to cut congestion
    June 30, 2014
    New junctions could cut chronic congestion in Kenyan capital Nairobi – Shem Oirere reports Kenya plans to replace all T-junctions in the country’s capital Nairobi with acceleration and deceleration lanes to address a crippling vehicle traffic regime estimated to consume $580,000 daily. “We will replace the junctions with acceleration and deceleration lanes,” said John Mosonik, the principal secretary in Kenya’s ministry of transport. He said the acceleration lanes, which allow cars joining the main road t
    Read More
  • Italian road safety and motorway infrastructure boost
    August 24, 2012
    Fatal road accident deaths fell by 7.1% to around 3,800 in 2011, according to official data provided by Istat and ACI. There were 205,000 road accidents involving injuries in Italy last year, a drop of 3%. The Italian rate of 63 fatalities per million people was just above EU average for 2011, while the number of fatalities out of 100 accidents increased on motorways from 3.1 in 2010 to 3.2 in 2011,
    Read More

Highlighted Content