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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Today, the WASPs made their debut at the Ricoh Arena in Coventry, playing against London Irish.
Mild and windy with some light rain at times.
Remaining mild and rather cloudy with patchy rain. Windy.