The ACT Government will make a capital contribution of $375 million towards Canberra’s light rail project, Capital Metro, ACT budget papers have revealed.
The budget papers explain that the contribution, which is half of the project’s estimated $750 million cost and mostly funded by the sale of ACTTAB and old government office blocks, will be set aside for future costs of light rail. It will only be paid after construction is completed and services from the city to Gungahlin are underway.
Construction is expected to begin in mid-2016.