M1 Motorway - Varsity Lakes to Tugun




PROJECT
PIPELINE
STATUS

Prospective pipeline

Credibly proposed

Announced

Under procurement

Preferred bidder announced

Recently closed
M1 Motorway - Varsity Lakes to Tugun
STATUS

Prospective pipeline

Greenfield (construction) or brownfield (government asset divestment) projects needed or likely to occur within the next five years, but is not formally proposed by a state, territory or major local government.

Credibly proposed

The project or divestment is supported by a state, territory or major local government, is subject to studies or other processes (such as pre-feasibility or scoping studies or business case development), and is likely to proceed to formal announcement.   

Announced

The project has a firm commitment and timeline from a state, territory or major local government, but has not yet entered the market.

Under procurement

The project or transaction is under procurement (such as a call for Expressions of Interest, requests for tender, or another offer to the market).

Preferred bidder announced

A preferred bidder has been selected and is in exclusive negotiations.

Recently closed

Projects that have progressed to contractual close remain on ANZIP for 12 months.

ANZIP is focused only on major infrastructure activity, above the following thresholds:

Australia

Construction projects: > AUD$300m

Investable greenfield & brownfield: > AUD$100m

New Zealand

All greenfield and brownfield projects and divestments: > NZD $100 million


STATUS: Prospective pipeline
VALUE: $1.03M AUD
SECTOR: Road
JURISDICTION: QLD, Commonwealth
PROCUREMENT APPROACH: Unknown
TYPE: Greenfield

The M1 Motorway - Varsity Lakes to Tugun project was a key transport infrastructure commitment by the re-elected Government in the 2017 election.

The project would see 6-laning on the M1 Pacific Motorway from the current four lanes over a 10 kilometre stretch of road between Varsity Lakes and Tugun on the NSW boarder.

Building Queensland is currently assisting the Department of Transport and Main Roads with the preliminary business case.

Building Queensland notes that traffic volumes on this section of the M1 Motorway are exceeding capacity during the morning, afternoon, weekend and holiday periods causing high levels of congestion.

Forecast increases in travel demand (including freight, tourism and airport related traffic) will further extend traffic delays, increasing travel times, decreasing reliability and risking road safety.

The Queensland Government anticipates to commence construction after the completion of the Mudgeeraba to Varsity Lakes upgrade in 2020.

The Queensland Government has committed $206 million in funding which represents 20 per cent of the $1.03 billion cost. During the election campaign, the Government noted this is the same funding split with the Commonwealth (20/80) for road projects which form part of the National Land Transport Network. The Commonwealth is yet to commit the remaining 80 per cent.



Last reviewed: 08/12/2017

Presented by

Government sponsors

treasury-website-logobw

Supporting agencies

 
nzte-logo_web

 

 

doird_strip_web_trans
ia_trans