Why Australia’s bridge construction will slow to a crawl
By Simon JenkinsPublished June 25, 2018 12:59:54Australia’s government has given preliminary approval to a $2.4 billion bridge project to build a new interstate crossing to replace the Agana Crossing, a joint project with China.
The National Infrastructure Commission (NIC) has approved a $1.5 billion bridge contract with China’s state-owned China National Petroleum Corporation (CNPC), which is the biggest bridge builder in the world.
The Aganan Crossing is the third in China to be completed.
The first was the $2 billion Great Wall of China in 2003, which was completed in 2018.
The construction of the Aagan Crossing, which is due to start construction this year, will replace the former Aganas Crossing, the country’s longest bridge.
The bridge is due for completion in 2021.
It will link the Aanganas Crossing to the Agera Valley Highway, which connects Australia’s mainland to New South Wales, the capital of New South Australia.
The new bridge will link a major highway through the central Queensland town of Goulburn, and will also link the Goulbeards to Brisbane’s CBD, the state capital.
The State Government has also agreed to use a $5.6 billion concessional loan from the Commonwealth to fund the bridge project.NIC chairperson and former Queensland Premier Annastacia Palaszczuk said the bridge was a critical lifeline for the state’s economy.
“This is a very good project for the State of Queensland,” Ms Palaszek said.
“It will create jobs, improve the quality of life for residents of Gowlabra and other towns in the region, and bring new jobs to the region.”
She said the $1 billion concessual loan was an “investment in the future of Gollam, Goulbourne and the wider Goulbanong region”.
Ms Palaszyk said the project would allow Goulabra to develop “and attract significant new international and domestic investment”.
The bridge will cost $2,300 per vehicle, with a “no-cost” 30-year fixed-rate agreement to fund construction.
The Commonwealth Government has committed $2 million from the Federal Government’s Infrastructure Investment Fund to finance the project.
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