Work will start early in 2019 on a second bridge between the Isle of Capri and Surfers Paradise.
The $34 million bill will be mostly covered by the sale of the Surfers Paradise transit centre.
The bridge will be built beside the existing one with two lanes for vehicles and a wide shared path for pedestrians and bicycles.
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Work will take about two years and start in early 2019.
Mayor Tom Tate said next year’s Commonwealth Games have focused attention on our growing traffic problems.
“The Commonwealth Games .. will strongly test our transport infrastructure,” he said.
“So we are going to find solutions now, and (this bridge) will be part of our legacy as we move beyond the Commonwealth Games.
“This will be money well spent.
“The business community, motorists, pedestrians and cyclists will thank us with improved productivity, faster and safer travel options and less time lost in traffic.”
The mayor said the council is effectively converting an ageing asset in the Transit Centre, into modern, world class facilities such as the new bridge and and stage one of the Arts and Cultural Precinct.