An outline business case for the M4 relief toll road in Wales is to be presented to ministers by the end of next month – three years behind the original schedule.
An environmental impact study will also be completed by the end of March.
The Welsh transport minister is expected to approve the project, and decide on the method of procurement, which could be PFI or traditional design and build.
If the minister gives approval, draft proposals will be drawn up by the end of this year in time for a public consultation procedure to start in 2009.
Procurement will not begin until 2010 at the earliest - with hopes that construction will be able to start that same year.
A decision to use PFI could cause futher controversy in Wales, where PFI spending is around a fifth of that in England and Scotland, and where a full-scale inquiry is currently taking place into the viability of using it in the future.
Source: Infrastructure Journal