Way to design, construct and finance the freeway was signed in January 2010, with a total project delivery cost for the two parties being $759 million: made up of Southern Way's construction costs, along with the Linking Melbourne Authority's land acquisition, project management, environmental effects statement and Environment Protection and Biodiversity Conservation Act costs. Construction commenced in February 2010, with completion expected in early 2013, with Southern Way to operate and maintain the freeway for the next 25 years. The Victorian Parliament enacted legislation, the Road Management Amendment (Peninsula Link) Act 2012, in November 2012 to confer rights on the private operator to manage and maintain the road. These payments are adjusted on an availability basis, with reductions being made when each half-hour of unavailability, weighted according to the nature and severity of the unavailability. Failure to meet key performance indicators for emergency contact points, incident response, compliance with operational plans, maintenance inspections and works, reporting and environmental management will also results in the government deductions being applied to the service payments. Peninsula Link opened on 18 January 2013 and completed the missing section of the Mornington Peninsula Freeway, running from the EastLink interchange at Seaford, Melbourne, running along the eastern fringe of Frankston. It runs via Baxter and Moorooduc almost parallel to the existing arterial Moorooduc Highway. When Peninsula Link was opened, the route numbers were slightly altered. The Frankston Freeway (which previously carried Metropolitan Route 11 along with the sections of the Mornington Peninsula Freeway and Moorooduc Highway) now carries the M3 route from the EastLink interchange, while the whole of Mornington Peninsula Freeway, including the Peninsula Link, is designated M11. Peninsula Link Trail A walking and cycling path - The Peninsula Link Trail - was constructed alongside the freeway. Stretching from the Patterson River in Patterson Lakes to the Moorooduc Highway in Mount Eliza, it is concrete paved and easy to navigate. An interactive map of the Peninsula Link Trail and other walking and cycling paths in Melbourne is available here. In 2019, Mornington Peninsula Shire launched an initiative with the aim of extending the trail from Mount Eliza to Mornington. Northern extension (Mordialloc Freeway) A reservation for a northern extension of the Mornington Peninsula Freeway between Springvale Road in Aspendale Gardens and the Dingley Bypass in Dingley Village has been in place for many years. The reservation is bordered by residential housing and industrial estates to