The Capital City Trail is a shared use path for cyclists and pedestrians, which circles the Melbourne city centre and some inner eastern and northern suburbs of Melbourne, Victoria, Australia. A popular starting point for the trail is at Princes Bridge near Flinders Street Station. The rider can head off in an easterly or westerly direction. If heading off in the westerly, either side of the river can be used, but the south side tends to be more popular. The Capital City Trail uses the same path as the Main Yarra Trail up to Dights Falls, where it continues, using the same path the Merri Creek Trail, as part of its loop around the city.

The trail follows the Yarra River to Yarra Bend Park on the Yarra River Trail and meets Merri Creek at Dights Falls. It follows the Merri Creek Trail up the Merri Creek to Rushall Station, where it follows the former Inner Circle rail reserve and Royal Park. It then meets the Moonee Ponds Creek Trail which continues back to Docklands and Southbank. At its farthest, the trail is 5 kilometres from the centre of Melbourne.

The section just after the path passes under Wurundjeri Way/Docklands highway to the Melbourne Exhibition Centre is currently under construction. Although the path is open, a set of stairs needs to be traversed. Recently-completed improvements to the trail include a footbridge crossing Manningham Street in Parkville (which removes a flight of stairs and a road crossing), and re-paving of the path and landscaping on the section that passes under the Hurstbridge railway line. Lobby group Bicycle Victoria continues to advocate for improvements to the trail, notably the removal of a staircase that interrupts the path at Gipps Street in Collingwood.

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