The pier's website says that the 835ft structure cost £10,000 to complete, and its completion which was relatively late in the history of Piers, takes on many of the architectural successes learnt from other piers all over the country. They add that along with the opening of the Pier came the extension of the Mumbles Railway line from Oystermouth to the newly built Pier Terminus:
It was officially opened by Lady Jenkins, on 10th May 1898, along with the new line of the Mumbles Railway Co, an extension from Oystermouth to Mumbles Head. Local schoolchildren were given a half-day holiday in celebration of these major events. In addition to the building cost of £10,000, another £40,000 was spent on improvements such as the Skating Rink and Bandstand.
The structure is set against the backdrop of a 200 year old lighthouse, a 145 year old lifeboat station and Swansea Bay, which for some reason has been compared to the Bay of Naples.

I bet that restoration work is costing more than the 40 thou thaT Was originally made!
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