Roger Lawrence the leader of Wolverhampton City Council says the construction of i54, the new junction off the M54, is the biggest single investment in the UK in the last decade.
Jaguar Land Rover are building their new engine manufacturing plant on the site.
It is hoped that they will help to draw more businesses onto the site, creating more jobs.
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X-Factor winner Sam Bailey is gearing up for a 100-mile charity bike ride.
East Midlands weather: Starting dry, with clouds thickening
West Midlands weather: Staying dry overnight with some patchy amounts of cloud and clear spells developing