Work is set to start on the Bury St Edmunds Eastern Relief Road at the beginning of the week after the final signatures were signed to rubber stamp the project.
The £15 million development looks to link the eastern edge of Moreton Hall with the A14, unlocking land destined for the new Sybil Andrews Academy, the Suffolk Business Park and around 500 homes.
Last Thursday, after 18 gruelling months of negotiations, the last signature was signed on agreements giving the project the final go-ahead.
The road, which will go from the junction of Skyliner Way and Lady Miriam Way to junction 45 of the dual carriageway, is expected to bring an estimated 14,000 jobs to the area as well as millions in investment.
A Suffolk County Council spokesman said work on the project is set to begin at the beginning of next week.
Councillor Colin Noble, leader of Suffolk County Council, said: “This is a really significant moment for Suffolk and demonstrates clearly that by working in close partnership, we can deliver great outcomes for the county.”
Mark Pendleton, Chairman of New Anglia LEP, which has invested £10 million to help deliver the relief road, said: “What fantastic news for Bury, West Suffolk and the economy of the east as a whole.
“This is a truly great example of partnership-working in action, with the LEP and local authorities driving this forward to deliver a vital piece of infrastructure that will unlock further business investment, thousands of jobs, hundreds of new homes and in turn a whole community who can look to live, learn and work here.”
Stephen Clark, Managing Director of The Churchmanor Estate Company, agents for the Rougham Estate which gifted 25 acres of land for the project, said: “We now look forward to developing Suffolk Business Park by providing an attractive business environment and expanding employment opportunities in the town.”