It follows the signing of a new contract to progress the project.
Contracts have been signed to develop a new link road in Offaly.
The route will stretch from High Street to Tanyard in Tullamore, with Kenny Civils and Plant Limited announced as the successful tenderers.
It will coincide with the introduction of a one-way traffic system from the Tanyard through O'Connor Square, which Offaly County Council says will allow for the regeneration of the former Carrol's and Coen's sites, which are targeted in the Eastern and Midlands Regional Assemblies, Regional Spatial and Economic Strategy.
It also says the new link street will enable a wide spectrum of mixed town centre uses.
Works are due to commence on the project in the coming weeks.
Chief Executive of Offaly County Council, Anna Marie Delaney, is welcoming the development:
"The Regional Spatial and Economic Strategy is a strategic plan which identifies regional assets, opportunities and pressures and provides appropriate policy responses in the form of Regional Policy Objectives.
This project is funded under the Urban Regeneration Development Fund, by the Department of Housing, Local Government and Heritage, which along with the support of our elected officials continue to benefit local residents and the business community."
Offaly Community Organisations Awarded BnM Funding
Former Army Ranger Praises Public Defence Forces Training
RNLI Christmas Pop Up Shop Takes Place This Weekend
Midlands Prison Ranks Top Two For Serious Complaints
High Court Quashes Lissywollen Ministerial Order
Solicitor For Westmeath Family Says High Court Action Added To Trauma
Father Who Raped And Threatened To Kill Daughter Jailed For 12 years
Country Music Night To Take Place In Laois
Offaly Driving Instructor Criticises New Learner Driver Rules
Offaly Community Groups Receive Over €164k In Funding From Bord na Móna
Mental Health Charity Highlight Tips For Stress Awareness Week
Family Of Joe Drennan Express Relief At Extended Sentence For His Killer
Midlands MEP Urges Tougher Stance On EU Nitrates Deal
Midlands Prisons Linked To One In Three Inmate Deaths
Laois Councillor Calls For Livestreaming Of Meetings
Two Men Charged After Cross Border Terrorism Investigation In Laois
Sentence Increased For Driver Who Killed Laois Student In Hit And Run
HSE Warns Poultry Farmers To Get Flu Shot Amid Bird Flu Cases
Westmeath Farmers Encouraged To Attend Election Debate