Construction companies will build North East Link – the missing link in Melbourne's road network that will complete the Metropolitan Ring Road.
Video: The North East Link Project
The infrastructure project is expected to take around ten years to complete, create more than 5,000 direct jobs, and cost up to A$10 billion, funded by a mixture of government contributions and tolls, with final funding arrangements determined as part of the detailed planning process.
The project will be kick-started with A$35 million from the State Government of Victoria for business case development, consultation and route selection complete by 2018, and planning approval and tender processes beginning that year.
The project will be spearheaded by a new agency, the North East Link Authority, which will be overseen by the Victorian Coordinator General.
North East Link will slash travel time on congested roads in Melbourne's north, south, and east. It will take thousands of trucks off local streets in the north-eastern suburbs, and connect the southern and eastern suburbs to Melbourne Airport. Infrastructure Victoria has identified the North East Link as Victoria's next priority transport infrastructure project in their historic 30-year Infrastructure Strategy.