Council budgets funds for Brisbane Metro
Brisbane's City Council has revealed a cash splash on early works for a light transport system that would cut through the heart of the city.
The council has allocated $708 million towards the Brisbane Metro development over the next four years, including about $40 million for contract procurement in the 2018/19 financial year.
"This budget confirms the Brisbane Metro is fully funded and ready to go to tender," Lord Mayor Graham Quirk said.
Cr Quirk said construction will begin next year with services to start in 2023.
Brisbane Metro includes a line running from the city to Eight Mile Plains and another from the Royal Brisbane Women's Hospital to the University of Queensland.
The plan to run Metro vehicles on 21km of existing busway infrastructure is expected to cut travel times by up to 50 per cent while high frequency services will be able to carry up to 22,000 passengers per hour.
The federal government promised $300 million towards the development in May, but there were no funds earmarked by the Queensland Labor government in its budget on Tuesday.