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

  • New Zealand’s US$20 billion transport development programme
    September 12, 2024
    New Zealand is setting a budget of US$20 billion for its transport development programme.
    Read More
  • Multi-million dollar investment in Indonesian road toll projects
    July 12, 2012
    Millions of US dollars are being poured into new and expanding toll road projects in Indonesia. Wijaya Karya (Wika), the Indonesian government-owned construction service provider, will build toll roads linking Kedung Badak to Kedung Halang and Pandaan to Gempol in Bogor through two contracts worth US$36.35million (IDR 340.80bn) and US$23.98million (IDR 225bn), respectively. Awarded by highways operator Jasa Marga (JSMR), the contracts require the roads completion in 18 months.
    Read More
  • Upgrade planned for Australia’s historic Great Ocean Road
    December 19, 2013
    Australia’s historic Great Ocean Road looks set to benefit from a major upgrade. This twisty tourist route runs along the coast in the state of Victoria and will receive US$44.7 million (A$50 million) in funding, which is being provided in an equal split between the Australian Federal Government and the Victoria State Government. The scenic route was constructed between WWI and WWII and largely by hand as part of a government scheme to reduce unemployment, as well as to provide access to a remote area of th
    Read More
  • A bridge of hope?
    July 18, 2012
    As Russia prepares for a major Asia Pacific conference in nearly four years' time, the economic climate is felt in other countries in the region. Patrick Smith reports AUS$1 billion-plus suspension bridge is to be built to link the city of Vladivostok in the far east of Russia and Russky Island. Russia's President Dmitry Medvedev has signed an instruction for construction of the 3,150m long bridge, which is intended to provide access to the 24th Asia Pacific Economic Cooperation (APEC) summit, to be held o
    Read More

Highlighted Content