NSW commits major funds to roads and maritime in 2013-2014 state budget

The New South Wales (NSW) Government will invest US$4.7 billion to build and maintain critical road and maritime infrastructure across the state in the 2013-2014 state budget, providing for new roads infrastructure, maintenance and road safety. Roads minister Duncan Gay says this new infrastructure fund, Restart NSW, will support the WestConnex Motorway, WestConnex enabling works in the Port Botany and Sydney Airport Precinct, the Pacific and Princes highways, Bridges for the Bush, and addressing congestion
June 20, 2013 Read time: 2 mins

The New South Wales (NSW) Government will invest US$4.7 billion to build and maintain critical road and maritime infrastructure across the state in the 2013-2014 state budget, providing for new roads infrastructure, maintenance and road safety.

Roads minister Duncan Gay says this new infrastructure fund, Restart NSW, will support the WestConnex Motorway, WestConnex enabling works in the Port Botany and Sydney Airport Precinct, the Pacific and Princes highways, Bridges for the Bush, and addressing congestion pinch points in Sydney.

As part of a US$920 million investment in the Pacific Highway, US$202 million has been allocated to continue work on the dual carriage, 17-kilometre upgrade of the highway north of Ballina.

To the south of the state, US$106 million has been allocated to continue work on the Princes Highway Gerringong upgrade.

Around US$2.5 billion of Restart NSW funding is to be committed to growing and improving the state’s road network over the next four years, with US$509 million to be spent in 2013/14.

The Government has committed US$1.7 billion over four years from Restart NSW to finance the WestConnex project, destined to be the largest urban transport project in NSW history, with US$102 million committed in 2013-14 to get work under way on the 33 km motorway.  Under the financing model confirmed in the Budget announcements, the Government will fund the initial sections of the motorway. Private sector capital will then be raised against tolls to fund the next phase of motorway construction.

Major investments in transport include: US$741 million for the ongoing delivery of the north west rail link; US$325 million to continue progress of the south west rail link; US$289 million for the Northern Sydney freight corridor program; and funds to complete the Inner West Light Rail Extension, the new Central Business District and South East light rail linking the and the progression of the Wynyard Walk fully accessible pedestrian link.

Urban Traffic Control

Related Content

  • EU releases funds for key TEN-T projects
    November 30, 2012
    The European Commission has launched two Calls for Proposals under the 2012 Trans-European Transport Network (TEN-T) multi-annual and annual programmes, making over US1.5 billion available to finance European transport infrastructure projects in all transport modes – air, rail, road, and maritime/inland waterways – plus logistics and intelligent transport systems, in all EU Member States. Commission Vice President Siim Kallas, responsible for transport, said: "In making this considerable amount of funding a
    Read More
  • Peru lines up road, rail concessions for 2015
    November 20, 2014
    Peru plans to award next year infrastructure concessions including rail and road projects. Hydro and thermal power plants and liquefied petroleum gas distribution in the capital are also being lined up, a senior government official has said. Concessions will include the fourth stretch of the Longitudinal de la Sierra highway, which calls for the construction, operation and maintenance of a 640 kilometre stretch of Peru's Longitudinal de la Sierra highway, connecting Huancayo, Izcuchaca, Mayoc and Ayacuch
    Read More
  • Business Monitor revises forecast on Russia’s infrastructure sector
    February 14, 2014
    Business Monitor’ latest report on Russia’s infrastructure sector has considerably revised down their construction industry forecast for the country in 2014 in light of recently published lacklustre official data. With a contraction of 1.25 per cent in the first nine months of 2013, they now forecast only moderate growth in the industry of 1.5 per cent for 2014. Although they had anticipated significant growth in the industry as a result of the large investments made for the Winter Olympic Games, this s
    Read More
  • Kenya plans road toll tenders
    March 25, 2015
    Kenya plans to start tendering in May for toll-road contracts estimated by the government to be worth $2 billion to improve the efficiency of the East African nation’s biggest commercial routes, according to Bloomberg. The contracts will be in addition to the 45 deals worth about US$3.2 billion that the government will start awarding as early as next week, to double the nation’s paved-road network through an annuity program. The government is planning to introduce five toll projects covering about 800 kilom
    Read More

Highlighted Content