|Canberra Times 11 Jan 1995|
The recent signing of a contract to construct and operate Capital Metro Stage One shows that it will cost $707 million dollars. Of that, the ACT are paying $375 million upon completion, and the rest over a 20 year period. Those payments over 20 years also include operational costs.
That does seem like a lot of money, but light rail could have cost us a lot less and been completed twenty years ago. In 1995 it was estimated that a four route light rail network across Canberra would have cost $421 million.
Missed opportunities cost us a lot in the long term. Build light rail now.
As well as this website, the facebook group 'Light Rail for Canberra' carries frequent updates on Capital Metro and light rail related news.