The Department of Transport has approved 拢60m of central government funding towards the project, to supplement Devon County Council鈥檚 own funding.
According to the Department for Transport, the total costs of the scheme is 拢67.6m.
County council cabinet meeting notes from June 2020, approving the appointment of a contractor, put the overall budget of 拢93m.
The name of the chosen contractor has yet to be disclosed.
The North Devon Link Road serves as a gateway to northern Devon and northern Cornwall, connecting the regions to the rest of Devon and the UK via the M5. The route is comprised of the A39/A361 from the M5 Junction 27 to Abbotsham Cross Roundabout.
Works will focus on a 4.8-mile stretch between South Molton and Barnstaple. The route will get a wider carriageway and eight junctions will be upgraded to boost capacity.
The road building project will also open up land for construction of 6,700 new homes in the area.
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