$18 billion for 32 kilometres of road? Sydney’s F6 freeway costs leaked
The Final Business Case (FBC) document for Sydney’s F6 freeway, also called SouthLink, has been leaked, revealing just how expensive the construction and maintenance of the project will be.
According to ABC News, which viewed the documents, the total price could come to $18 billion, more than half a billion dollars per kilometre of highway. The road will stretch from St Peters through to Waterfall and comprises four stages of construction.
Interestingly, it is costed at $1 billion more than WestConnex, which is around 33 kilometres in length.
- Seven-month rail line closure could create chaos for Sydney workers and employers
- Melbourne might be about to build a third airport in $7bn proposal
- Melbourne’s West Gate Tunnel will create a 14-hour rush hour, says City Council
What makes this project so expensive is the preferred option of two separate tunnels between Heathcote and Waterfall. Construction costs alone are expected to be $14.5 billion, with another $3.5 billion set aside for 35 years of maintenance.
An alternative option would be to build a rail tunnel from Thirroul to Waterfall, a project which ABC revealed would cost $3.6 billion, cutting journey times to Sydney by 24 minutes at a fraction of the price of F6.
However, there are contesting views on the viability of the rail option. New South Wales Transport Minister Andrew Constance said it was not feasible, while local Labor Wollongong MP Ryan Park is backing the plan.
Roads Minister Melinda Pavey said no final decision has been made on the cost of the F6 road.
- Gold Coast considers rail expansion as impact of Commonwealth Games is evaluatedCorporate Finance
- Sydney Metro update: Stage 1 receives first shipment of autonomous trainsLeadership & Strategy
- $8.4bn Melbourne-Brisbane Inland Rail project takes first shipment of steelCorporate Finance
- Sustainable transport systems: Australia’s big five cities lag behind global benchmarkLeadership & Strategy