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

  • Key Russian highway projects in planning
    November 30, 2015
    Construction of the Russian stretch of the highway connecting Europe with China should be complete by 2018. This section of the project is costing close to US$22.6 billion. The international transit corridor from Europe to Western China is of key economic significance. The first sections of the Russian portion of the route form part of the new high-speed federal highway M-11 from Moscow to St Petersburg. About 40% of the highway will run through the Volga federal district. The 8,400km long international tra
    Read More
  • Morocco’s road development programme continuing
    June 8, 2016
    Morocco’s road network development programme is continuing, with new local roads, trunk roads and motorways being planned. Morocco’s Ministry of Equipment, Transport and Logistics has said a budget of US$9.84 billion is being set to construct 5,500km of roads in the country. The plans call for the building of 3,400km of motorways and a further 2,100km of trunk roads. In addition, a separate plan has been set out for building new rural roads, connecting every village and town in the country to the motorway n
    Read More
  • New Bolivian highway programme planned
    June 17, 2015
    Bolivia's state-owned road operator Administradora Boliviana de Carreteras (ABC) has an ambitious road building programme. This will see the construction of a further 3,172km of roads, of which almost 1,000km will be completed in 2015. The 1,000km of roads on track for completion comprise some 16 projects in seven departments. ABC has budgeted US$1.17 billion for its programme of works, an increase over the $995.4 million for the previous financial year.
    Read More
  • Oklahoma’s US$244 million rural road maintenance
    July 15, 2024
    Oklahoma will spend US$244 million on rural road maintenance.
    Read More

Highlighted Content