Missing links in inner Sydney's network of cycle paths will be among the beneficiaries of $62 million in funding from the state government this year for so-called active transport.

More than $1 million will be dished out for cycleways in Sydney's CBD, including a link from Kent Street to the southern end of the Harbour Bridge.

A further $2 million will go towards building another stage of a cycle path along Lilyfield Road between Iron Cove and Victoria Road in Balmain. It will link to the the 5.8-kilometre Greenway bicycle and pedestrian corridor to the Cooks River via the Bay Run.

The total amount of funding in the budget this year for about 150 local projects is a slight increase on the $59 million promised last year for more than 300 walking and cycling projects across the state.