Biggest Construction Cost Increase Since Introduction of GST
The quarterly rate of growth within the cost of construction around Australia…
28 September 2021
The design and construction contract is estimated at $1.8 billion. The project will be jointly delivered by both companies.
The upgrade hopes to reduce congestion and simplify the current road corridor for the 250,000 plus vehicles that use the road each day.
Early works are already underway with the major construction to commence early 2022. The entire project is estimated to take 5 years to complete.
The upgrade will include reduction in the amount of merging currently required to improve safety and traffic flow. It will also provide connections to the future Western Harbour Tunnel and Beaches link.
The new freeway will also benefit public transport, cyclists and pedestrians with around 2.5km of new and upgrade paths and a continuous south bound bus lane from Miller St to the Harbour Bridge.