The development is in line with the council’s overarching Trafford Moving strategy.
The project is being financed via a combination of federal and state funding.
The upgrades will prevent bottlenecks at key junctions and therefore cut down journey times.
Post-completion, the property will be occupied by WestLB via a long-term lease contract.
Works will encompass the complete restructuring and building of beds at university locations in Bognor Regis and Chichester.
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The first phase of the redevelopment is expected to create more than 2,100 jobs at the site.
The four bridges to be built during the development will measure from 950m to 660m.
The first phase will involve a major overhaul of the Queensgate Market site in the town.
The business felt that it was more economically viable to build the facility in the US rather than abroad.