The project is expected to improve safety and efficiency for road users and support economic growth in the Alpine region.
Construction will soon begin on new intersection upgrades on the Calder Highway, with the aim of reducing accidents and improving freight efficiency in north-west Victoria.
It has been a century since construction first began on the Great Ocean road, now new works have begun for its protection.
On-road testing will soon begin in an Australian-first trial of connected vehicle technology.
The speed signs are triggered by sensors that detect cars approaching on the side road, temporarily reducing the speed on the highway.
The Victorian Government will hold eight road safety community roundtables to address the growing road toll.