The State Government has pledged $755 million to begin construction on a second M1, with the road project set to become a key election battle on the Gold Coast.
The funding would go towards the first stage of the Coomera Connector, a 16km stretch between Nerang and Coomera.
Construction could get underway as early as the middle of next year.
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The Government’s promise is predicted to create 700 new jobs on the Gold Coast.
“It is a big day for the Gold Coast because we know how important it is with the road projects, with the infrastructure it delivers and how important it is to keep people in jobs,” Premier Annastacia Palaszczuk told reporters on the Gold Coast on Sunday.
“This is what the Gold Coast community has been telling me they want, this is what my government has been working on and now our money is firmly on the table.
“This is fantastic news for the Gold Coast, it will ease the pressure on the M1 and it will means locals can get around faster, easier on the Gold Coast.”
But the promise depends on the Federal Government matching the funding.
The Premier has urged the Federal Treasurer to include money for the project when he hands down the Federal Budget next month.
Transport and Main Roads Minister Mark Bailey described the announcement as a ‘momentous’ day for the Gold Coast.
“(On) the northern Gold Coast we see huge population growth and infrastructure is really needed to keep up with that population growth,” Mr Bailey said.
“It’ll mean a 16km stretch all the way from the AFL Stadium to the marine precinct at Coomera.”
The issue of a second M1 is set to play a major role in next month’s election with the LNP also committing to building the Coomera Connector.
However, its plan would see a 4-lane arterial road built in three stages, starting with a smaller stretch between Shipper Drive at Coomera and the Gold Coast Highway at Helensvale.
Minister Bailey says that would spell bad news for Gold Coasters.
“It’s a pathetic 6km section that will dump 60,000 vehicles on the Gold Coast Highway through Biggera Waters, Labrador, Southpor and Parkwood.
“It will choke that area with gridlock. They don’t know what they’re doing.”