The festivities kick off at 7pm when Melbourne band Saskwatch and local bands Los Chavos and The Advocates perform on stage in Civic Square.

At 9pm, dance party Bass in the Place starts in Garema Place. DJs Jake Raven, Hudak and Felixx will all perform at the party, while Tigerlily, best known for her song Paradise, will be on the decks in the lead up to midnight.

Fireworks will explode over City Hill twice - at 9pm and midnight. The best place to catch the show is in Civic Square.

Both the concert in Civic Square and Bass in the Place are alcohol and glass-free events.

For other parties and events around Canberra, check out our What's on Canberra: New Year's Eve 2015 guide.

It's best to plan ahead because roads in and around Civic Square and Garema Place will close from late afternoon on Thursday.

Between 5pm and 2am, London Circuit, between Akuna Street and Northbourne Avenue will be closed, including Ainslie Avenue. Multiple intersections and traffic lights will be affected along Northbourne Ave during the 9pm and midnight fireworks displays.

For parking on the night, head to the car park adjacent to the National Convention Centre and Olympic Pool, and the Canberra Centre car park. The car park on the corner of London Circuit and Constitution Avenue will be closed from 2pm.

Normal ACTION services are operating on a limited holiday schedule so it's best to check in with the official timetables for exact times.

ACTION will run its Nightrider bus service again this year. Buses depart from Platform 7 at City bus station from midnight onwards, heading to all suburbs.

The price is $5 a ride, cash only.

It's shaping up to be a beautiful New Year's Eve in Canberra. The Bureau of Meteorology predicts a mostly sunny day with a minimum temperature of 11 and a maximum of 34.

There's also a zero per cent chance of rain and only light winds, according to the Bureau.