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 DOTs in critical funding battle
    February 9, 2012
    In the US, state DOTs are preparing for the upcoming reauthorisation battle in a tough economic and political climate. Set to expire by the end of the year, the bill is a critical funding source for many transportation projects in the US. However transportation officials in the US are facing a tough battle as the political and economic climate has changed considerably since the last reauthorisation was passed, shortly after President Obama's inauguration in January 2009. Since then, the recession has contin
    Read More
  • Loan worth US$195 million paying for Ivory Coast road construction
    December 19, 2023
    A loan worth US$195 million is paying for road construction work in Ivory Coast.
    Read More
  • FEHRL infrastructure research event planned for Brussels
    February 13, 2015
    The next FEHRL Infrastructure Research Meeting 2015 (FIRM15) event will be held on 22nd-23rd April 2015 in Brussels. This key conference features the theme ‘Innovative maintenance of Transport Infrastructure. Faster, cheaper, more reliable, safer, greener’. The language for the event will be English and it will cost €150 Euros/person, which covers the two day conference as well as the exhibition entrance and attendance for the evening cocktails. This event will help provide scientific input to Europe and n
    Read More
  • Poland tenders for Czestochowa A1 motorway section
    June 18, 2019
    Poland’s General Directorate for National Roads and Motorways (GDDKiA) reports that that the three bids for the Czestochowa A1 motorway section exceed the agency’s budget. The least expensive bid was nearly €101 million, submitted by a consortium of Strabag Infrastruktura Poludnie, Budimex and Budpol. Lemar bid around €121 million while Intercor bid €159 million. GDDKiA said that the bids will not automatically be rejected. Earlier this year GDDKiA terminated its contract with Salini Polska, signed
    Read More

Highlighted Content