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.
More top news
Mostly dry overnight.
Mainly dry overnight and during Wednesday, and feeling warm.
Stoke City, Aston Villa, Leicester City and Wolves have all been in action in the third round of the Carabao cup tonight.