Light Rail officially returned to Sydney on 31 August 1997 between Central Station and Wentworth Park at a total cost of $65 million, with $21.5 million coming from the Commonwealth Government's Better City Program. The line was later extend from Wentworth Park to Lilyfield on 13 August 2000 at a total cost of $20 million with $16 million contributed from the NSW State Government.
Metro Light Rail is owned by Metro Transport Sydney and provides services from the city to Sydney's inner west. Metro Transport Sydney is a privately owned Australian company, with three main shareholders Utilities Trust of Australia and Australian Infrastructure Fund managed by Hastings and Colonial First State Investments. The Light Rail is operated by Connex.