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The final bill for construction of stage one of Canberra's light rail has come in at $675 million - $32 million under budget.
Transport Minister Meegan Fitzharris will on Monday release the final costings for the project, three weeks after light rail started taking its first passengers.
Transport Minister Meegan Fitzharris, who has released the final cost for stage one of the light rail project. Picture: Sitthixay Ditthavong
Ms Fitzharris said the result, which she had forecast ahead of the system's April 20 launch, had validated the ACT government's promise to "[deliver] an affordable and sustainable light rail network".
Government figures to be released on Monday show the total cost for the design and construction of the 12 kilometre city-to-Gungahlin line was $675 million.
The result is $32 million below the project's anticipated cost in the contract signed with Canberra Metro in 2016.
That figure was revised down from a previous estimate of $783 million.
The final bill still exceeds a 2010 cost estimate of $614 million for stage one of light rail. In 2014, the then chief minister Katy Gallagher suggested her cabinet would not support a cost substantially beyond that figure.
A four-month delay to the launch of light rail meant Canberra Metro missed out on millions of dollars in payments from the ACT government to operate the service.
This article first appeared on www.canberratimes.com.au
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