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The project will see the addition of a new eastbound general-purpose lane, wider bridges and the reconstruction of interchanges.
The Jabali Towers development will add two residential buildings, alongside a 150-room hotel and Grade A office space.
The project will update the arena, build an outdoor amphitheatre and expand the downtown Greenville entertainment district.
Korsvägen station is set to become one of three underground stations incorporated in the West Link project.