Construction drawings for a construction fence along a highway in a suburb of Melbourne, Australia, are seen in this handout photo provided by Melbourne City Council on December 3, 2016.

The project, named Boldt Road, is part of the Melbourne City City Council’s $1.3 billion $5 billion plan to rebuild a major road corridor along Melbourne’s north-east coast.

The plan calls for a 3.5km stretch of the road to be completed by 2032, a project that will see the area known as the “Road of Dreams” transformed.

The road will pass through a series of industrial areas, residential areas, commercial areas, and the CBD’s CBD to the east, and will be widened from three lanes to five.

It will include a “significant new interchange”, said Melbourne City council.

The area of Boldt has been described by the project’s developer as “the heart of Melbourne”.

In 2016, the ABC reported that the Victorian government had approved $100 million in grants for the road project, but the grant had yet to be spent.

The council said it was reviewing the grants to see if there were any “wiggle room” and if any of the funds were being spent “appropriately”.

Melbourne City Council said it wanted to get the road “as well finished as it can be”, and it would “not allow delays to slow down this important infrastructure project”.

It also noted that the $1 billion investment in the project was “in the national capital region”.

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