Sydney, Australia seeing road development projects continue

Massive spending in a major road project will boost transport in Australia’s busy city of Sydney, helping cut chronic congestion. Building and improving the road links to connect with the new WestConnex motorway project is expected to cost in the order of US$ 21.97 billion in all. The construction of the WestConnex motorway is itself expected to cost some $12.7 billion. Meanwhile building the exit section at St Peters will itself cost in the order of $757 million.
April 18, 2017 Read time: 1 min
Massive spending in a major road project will boost transport in Australia’s busy city of Sydney, helping cut chronic congestion. Building and improving the road links to connect with the new WestConnex motorway project is expected to cost in the order of US$ 21.97 billion in all. The construction of the WestConnex motorway is itself expected to cost some $12.7 billion. Meanwhile building the exit section at St Peters will itself cost in the order of $757 million.
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New South Wales is seeking financial packers for WestConnex in Sydney

Investment bank Goldman Sachs will soon be sending out expressions of interest for backers to finance Australia’s biggest road deal, the three-stage WestConnex project to be rollout by the New South Wales government. According to a report by The Australian newspaper, initially around US$1.17 billion will be needed for the first phase of the Sydney toll road project. The first phase will likely cost between nearly $2.35 billion and $3.9 billion. Total cost of all three phases over 10 years could be as
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