This new street will see the development of two new stations, one in Tempsford or St Neots and one in Cambourne.
This may lead the federal government to make a last determination on whether or not to proceed this undertaking and to use for an elaborate consent order.
Supporters now hope for a press release within the subsequent funds, though the undertaking could also be delayed by spending commitments for HS2 and Northern Energy Rail.
The road would be the final leg of the Oxford-Cambridge arc and would help development alternatives in home development.
Development within the second a part of the undertaking, between Bicester and Bedford, is already underway and is predicted to be accomplished by 2023. The brand new line is predicted to be accomplished by 2030.
Venture proponents, East West Rail consortium chair Mark Shaw stated: "The central part between Bedford and Cambridge has all the time been essentially the most troublesome a part of planning for East West Rail, on condition that – not like the western part of Bedford – it requires a totally new route. .
"This announcement ensures that the momentum created by the East West Railway Firm is maintained and we’ll proceed to work carefully with them as they search to acquire detailed planning consent and put the trains on the rails as quickly as attainable. "
Housing Secretary Robert Jenrick stated, “The announcement is nice information for the area.
"These plans may see important enhancements in transport hyperlinks throughout the Oxford-Cambridge Arc, one of the thrilling financial development alternatives in Europe, whereas doubtlessly serving to us present the homes that individuals want. "