The next extension of the West Midlands Metro network in Birmingham city centre is due to be approved this week.
The board of the West Midlands Combined Authority will meet on Friday to discuss the one-mile extension which will run from Bull Street to Digbeth via the new HS2 station in Curzon Street.
This new section will have four stops at Albert Street, New Canal Street for HS2, Meriden Street and High Street Deritend.
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The line will split at Bull Street where the service will go on to either New Street station and Broad Street or to the Jewellery Quarter, Black Country and Wolverhampton city centre.
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Transport for West Midlands, which is part of the combined authority, has put together a £227 million funding package to build the line, purchase battery-powered trams and carry out extra work to improve Digbeth High Street.
The funding has come from central Government, grants and the tram network itself through borrowing against future West Midlands Metro profit.
The combined authority said local taxpayers would not be called upon to fund this.
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The Department for Transport approved the Transport and Works Act order for the extension last month and can now be presented with the full business case for final approval.
It is due to open by the end of 2025 and the project will also include a wider revamp of this part of Digbeth including new paving, road surfacing, lampposts, planters and benches.
This section will pave the way for the proposed East Birmingham to Solihull extension to Birmingham Airport via Bordesley Green and Chelmsley Wood.
Investment in West Midlands railways
West Midlands Mayor Andy Street said: "I am delighted we are finally in a position to press ahead with the Birmingham Eastside metro extension, pending approval of the board.
"We have ambitious plans for the metro right across the West Midlands and this is a key part of that, with work also under way on both the Birmingham Westside and Wednesbury to Brierley Hill extensions.
"The Eastside Extension will bring with it huge benefits, not least assisting the significant regeneration of Digbeth.
"On top of this, we expect it will help attract further investment into the West Midlands, create new jobs, and of course further improve transport links across the region."