The Federal Government contributed $165 million from the Centenary of Federation Fund, the Northern Territory Government contributed $165 million and the South Australian Government contributed $150 million to the AustralAsia Rail Corporation for the construction of assets by the APTC and FreightLink that were later leased for a peppercorn rent to FreightLink. In addition, the three governments contributed about $26 million each, a total of $79 million in further funding to support the APTC directly, by way of mezzanine debt financing (subordinated debt), equity, and contingent equity. Construction began in July 2001; completion occurred in September 2003. On 17 January 2004 the first freight train reached Darwin. On 4 February 2004 the first passenger train arrived in Darwin from Adelaide, travelling 2,979 km in 47 hours.