City stays on track with additional light rail funding

18 September 2015

City of Gold Coast has today committed up to $55 million towards Stage Two of light rail, with Mayor Tom Tate ensuring ratepayers they will not be impacted by the funding boost.

“Since I was elected in 2012, I have led major reform across Council to find efficiencies in every area of the business. This is being achieved without impacting frontline services,’’ he said.

“Today’s commitment of between $40 million and $55 million is spread over three financial years. Our annual budget is around $1.3 billion so to find a maximum of $55 million from around $3.9 billion (three financial years) is achievable and will not come at a ‘hip pocket’ cost to ratepayers.

“At the same time, every resident and our 12 million annual visitors will benefit from stage two of light rail linking into heavy rail at Helensvale. This will significantly improve our public transport spine into Brisbane and beyond.

“In many ways, this is a historic day for our city and shows our absolute determination to see this vital second stage of the light rail completed before the Gold Coast 2018 Commonwealth Games™.

“I applaud the State Government for continuing to fight hard for Stage Two and thank the Councillors who met today for agreeing to take this funding proposal through to the 20 October Full Council for ratification.’’

Cr Tate said the City would also commit around $3.5 million in in-kind support to the Stage Two project on top of today’s financial commitment.

“This will include officer level support through planning and design as well as other in-house costs.’’

*Final City commitment will depend on final scope of works – expected in first quarter of 2016. 

City stays on track with additional light rail funding photo