City of Gold Coast has announced $10 million is being put into a strategic reserve earmarked for the extension of the light rail to Helensvale.
It was one of three key city projects to get a funding boost on Tuesday, taken from a $25 million budget surplus.
Mayor Tom Tate said the City would commit an additional $10 million to the Gold Coast 2018 Commonwealth Games, another $10 million to Light Rail Stage 2 and $5 million to the Cultural Precinct Bridge.
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“Through our savings, we have been able to deliver the lowest-ever rates increase of one per cent to the Gold Coast community,” Cr Tate said.
“Now we can commit more funding to three projects we know residents want to see delivered.
“I would like to applaud our hard working officers who have managed to find savings wherever possible to ensure we provide value for money.”
The City is hopeful the extra funding for the light rail project may encourage the Abbott Government to get on board.
There are reports Council has agreed to pay the same share as they did for stage one, 11 per cent, meaning they would have to find roughly another $50 million or more towards the project.
On his Facebook, Mayor Tom Tate said it was a good start.
“It’s not the whole Council level contribution required but it’s a start in the right direction to get this project going and funded without requiring special levies.”
Check out the route planned for Stage 2 below: