"We're not only providing great cycling links - we're building something beautiful for the people of Auckland and its visitors to enjoy," he said.
He expected it to become "a statement structure within the city's skyline" while providing an example of the world-class infrastructure which would help to make cycling a safe and viable transport option.
Cycle Action Auckland chairwoman Barbara Cuthbert is calling it "a seriously stunning project."
The first stage of the bikeway, along Hobson St to Victoria St, is due to be open by Christmas and Auckland Transport is seeking public submissions on the second phase to the waterfront and Karangahape Rd to be undertaken next year.
It will complete a sweeping central Auckland bike loop, connecting at the Upper Queen St bridge with the $16.5m Grafton Gully cycleway from Beach Rd.
Although Auckland Council is contributing $2.55m to the latest project, the Government is providing the lion's share of $11.35m.