The implementation of the Jokeri Light Rail light rail connection is an entity that involves
the planning and construction of both the rails and the depot, the acquisition of the light rail cars and the related projects. The Jokeri Light Rail project will be responsible for everything but the acquisition of the light rail cars, which will be the responsibility of Helsinki City Transport (HKL).
One of the most important objectives of the development phase of the Jokeri Light Rail Alliance is calculating the cost estimate for the project. The cost calculations of the alliance were completed in January 2019. The cost estimates are, at the price level of 2018:
– Light rail infrastructure: 386 million euros
– Depot: 69.5 million euros
In the project plan prepared in 2015, the costs of implementing the Jokeri Light Rail were estimated as 275 million euros, while the costs of implementing the depot were estimated as 64 million euros. The cost estimates are presented at the price level of April 2015. The cost estimate for the light rail infrastructure is 368 at the price level of 2015, which has been used for the earlier project decision. Thus, there is an increase of 93 million euros in the previous cost estimate, using the price level of April 2015.
Jokeri Light Rail receives government subsidies for 30 per cent of the construction costs. The maximum amount of the government subsidies is 84 million euros. Espoo and Helsinki will share the remaining costs based on the border of the cities. As specified in the project plan, the shares of the costs are 35% (Espoo) and 65% (Helsinki).
Read more about how the costs of Jokeri Light Rail are formed here.