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

  • EIB agrees backing to upgrade Scotland’s core motorway network
    February 25, 2014
    The European Investment Bank (EIB) has agreed to provide a funding contribution of US$292 million towards the completion of the motorway link between Glasgow and Edinburgh. The project includes the completion of the M8 motorway between Scotland’s two largest cities and major improvements to the M73 and M74 to reduce congestion and safety and improve travel times on one of Scotland’s busiest road networks. “The European Investment Bank is committed to supporting crucial investment in essential infrast
    Read More
  • Funding boost for West Midlands transport links
    August 19, 2014
    The UK Department for Transport has agreed to fund a new bridge which will improve links to three of the West Midlands' economic powerhouses, Baroness Kramer has announced. Building work on the new A45 South Bridge in Solihull can start after the government agreed to provide US$13.8 million in funding towards the full project cost of US$20 million. The new bridge will significantly improve a transport link that carries 50,000 vehicles a day and will directly serve Birmingham International Airport, the
    Read More
  • South Australian government announces first round of autonomous technology funding
    March 24, 2017
    Seven projects will share in US$4.2 million (AU$5.6 million) from the first round of funding from the South Australian government’s Future Mobility Lab Fund to drive local development of autonomous vehicle technology. Autonomous cargo pods for the Tonsley Innovation Precinct and driverless shuttles for Flinders University students are also among the projects to win funding, with other projects to be announced soon. Transfers between Adelaide Airport’s terminal and long-term car park are set to go driv
    Read More
  • Europe’s satellite projects ‘late and over budget’
    February 3, 2016
    The French court of Auditors has found that the European satellite navigation programmes, Galileo and EGNOS (the European Geostationary Navigation Overlay Service), the European satellite navigation programmes, will cost the EU more than US$14 billion over the period 1994-2020, says Euractiv. The delayed projects were originally allocated a budget of US$5 billion, according to the auditors. Galileo will cost a total of US$11 billion. Half of this amount had already been spent by the end of 2013. The C
    Read More

Highlighted Content