 The parkway has been in planning since the 1970s and is considered as being an important access road to and from the Gungahlin district . It largely replaces Majura Road , which lacks the capacity to cope with future increases in traffic . Majura Road will be largely retained to provide access to various facilities in the area . The parkway will provide a more efficient transport link in the area and convey large numbers of freight vehicles . The project has been jointly funded by both the ACT and Australian Governments , at a total cost of A $ 288 million . Major construction works commenced in February 2013 and are expected to be completed by June 2016 . 
