The next stage of the Light Rail from Broadbeach to Burleigh is a step closer to reality today.
Prime Minister Scott Morrison was on the Gold Coast on Monday morning as part of his four-day tour of Queensland, and he took the opportunity to pledge his support towards the $660 million project.
He announced Canberra would chip in $112 million.
"We get that this is the right transport solution for the Gold Coast and where there's a good plan and a strong plan to deal with the congestion busting needs of infrastructure, then we're there."
"It's going to create real opportunities here on the Coast for jobs, some 2,400 jobs in the construction alone," he said.
The funding, alongside up to 72 million from council, leaves the state government to come up with the remaining 475 million.
The funding, alongside up to $72 million from council, leaves the State Government to come up with the remaining $475 million.
Queensland Transport Minister Mark Bailey said he would like to see more money from Canberra for the project, with the promised amount making up just 17 percent.
"It is the lowest contribution from the Federal Government compared to the first two stages, where we saw a 38 percent contribution on stage one and about 20 percent on stage two, but it is a good start," he said.
Mr Bailey hoped to see the work get underway in just over a year's time.
"The business case will be complete by the end of this year and we'll have a tendering process and that sort of thing once we get a funding deal in place between all three levels of government, that will be 2019, so we're looking at 2020 would be the earliest construction could start," he said.