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
Paul remembers his mother breaking down in tears when she was told her husband John Rowlands had died in the pub bombings.
Some outbreaks of rain. Windy on Wednesday. Colder by weekend.
Breezy and mild. Outbreaks of rain arriving this afternoon.