Financing worth $926m (€860m) will go towards a 12km extension of Holland’s A15 motorway, creating a connection between the Port of Rotterdam and Germany.
Located in the municipality of Duiven, the De Liemers interchange currently stops at a dead end but once completed will "help to alleviate traffic on the surrounding road network" and create a "corridor that is vitally important for the transport of goods".
The A15 will be extended to meet the A12 motorway between Duiven and Zevenaar, with lanes added to the A12 and junctions widened on the A15.
One-third of the construction costs will be paid from toll fees. Toll charges will be temporary and will stop as soon as the necessary amount is raised. The Province of Gelderland will contribute more than $400m to the project.
Construction is expected to begin in 2019 with the new road due to open between 2021 and 2023.
Conny Bieze, a member of the provincial executive of Gelderland, said: "The extension of the A15 motorway will have a positive effect on the accessibility and the economy of the Arnhem-Nijmegen region. But the construction of a new road also has consequences for people that live in the area.
"So, working with the region, we have invested considerable energy in improving the project, in terms of both the integration of the road into its surrounding environment, and enhancing the quality of life and accessibility in the region."