A new measurement of the tau lifetime is presented. It uses data colle
cted with the OPAL detector during 1994, which almost doubles the size
of the OPAL tau sample. Two statistically independent techniques are
used: an impact parameter analysis of one-prong decay tracks and a fit
to the decay length distribution of three-prong decays. The lifetime
obtained from the 1994 data by combining the results of these methods
is tau(tau) = 289.7 +/- 2.5(stat) +/- 1.5(sys) fs. When combined with
the previous OPAL tau lifetime measurement the improved tau lifetime i
s tau(tau) = 289.2 +/- 1.7(stat.) +/- 1.2(sys.) fs.