Companies BMD Construction and Georgiou Group are part of the JV. Works on the project are expected to create 1200 local jobs.
The JV will extend the Mitchell Freeway 5.6 kilometres from Hester Avenue in Clarkson to Romeo Road in Alkimos.
Final contract award is expected in the coming weeks with early works set to start in 2021.
WA Transport Minister Rita Saffioti said this was just one of the major infrastructure projects the the WA Government had fast-tracked as part of the road out of COVID-19.
“This is one of eleven major road projects, in our Building for Tomorrow infrastructure program, where we have fast tracked to get works underway and workers on the ground as soon as possible,” she said.
“Along with the METRONET Yanchep Rail Extension and other major road projects, such as the Wanneroo Road and Joondalup Drive Interchange we are delivering key infrastructure for the northern suburbs.”
Saffioti said the project will also optimise the performance of the Mitchell Freeway southbound from Hester Avenue to Perth by introducing the same smart technology that is used on the Kwinana Freeway.
Federal Member for Pearce Christian Porter said the extension would provide more opportunities for local residents heading in and out of the City.
“The northern suburbs are booming and the population growth is only going to continue over the next decade,” he said.
“It’s vital we deliver these much needed infrastructure upgrades now. I, along with my community, have been calling out for this extension so it’s fantastic to see the project taking shape.”
The Mitchell Freeway Extension Project, from Hester to Romeo Road is jointly funded by the Federal and Western Australia Governments each contributing 50 per cent of the total cost.