A JOINT venture between construction groups Balfour Beatty and Carillion has won a Highways England contract to upgrade part of the A14.
The companies expect the deal to generate around £292m in revenue for the joint venture.
The construction package is part of the wider A14 Cambridge to Huntingdon improvement scheme, to which the government has pledged a £1.5bn investment.
The initial contract, won by the 50:50 Balfour Beatty Carillion firm, is valued at almost £500,000, with the full contract award subject to statutory approval of the project.
Construction work is expected to start in late 2016, with the upgraded A14 open to traffic in 2020.