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

  • Lagos state lights up with Low Energy Designs
    June 27, 2018
    Nigeria’s Lagos state government has outsourced around a third of its street lighting under a deal with UK manufacturer Low Energy Designs. The partnership deal will see LED replace up to 10,000 lights over 300km of state roads within the next year at a cost of US$7 million, Nigeria’s media reported. Products will be from Low Energy Design’s Phoenix Ultra and Norrsken ranges. Included is the deployment of the company’s HESS - hybrid energy storage system – units of which will also be installed across the h
    Read More
  • Philippines PPP project programme proposed
    April 10, 2014
    The Philippines Government is unveiling 15 key infrastructure projects worth a total of US$14 billion over the next 12 months. These will form part of the PPP project programme proposed by the Philippines Government. The projects include the $1.44 billion Laguna Lakeshore Expressway Dike project and the $313.16 million Motor Vehicle Inspection System. Meanwhile the Department of Public Works and Highways (DPWH) will be allocated a healthy $38.56 billion for road maintenance and repair activities by the gove
    Read More
  • Nepal plans road infrastructure expansion
    March 12, 2014
    Major road expansion is planned for Nepal, but will face huge challenges due to the country’s geography - Mike Woof reports, with local information from World Highways' Nepal correspondent, Ram Krishna Wagle The tiny, landlocked nation of Nepal lies sandwiched between two of the world’s largest countries, China and India and maintains good relations with both. Politically Nepal has strong links with China, while culturally its ties are close with India and these relationships work both ways. Despite bein
    Read More
  • Russia’s big investment in motorways and airports ahead of FIFA World Cup 2018
    May 28, 2014
    Russia is to invest more than €860 million in the construction and renovation of motorways and airports ahead of the 2018 FIFA World Cup. The country’s Prime Minister, Dmitry Medvedev, has signed a funding provision decree worth over €860.14 million (RUB 40 billion) for these works over the period 2014-2016. The Federal Road Agency will receive €66.32 million (RUB 3.09bn) in 2014, €230.72 million (RUB 10.75bn) in 2015, and €195.31 million (RUB 9.1bn) in 2016. The Federal Air Transport Agency will get €119.
    Read More

Highlighted Content