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The council plans to invite tender in May for the major transport project, which forms a key part of the Greater Cambridge Sustainable Transport Programme.
The scheme will deliver a new dedicated busway linking the fast-growing settlement of Cambourne with Cambridge, alongside a new park-and-ride site aimed at cutting congestion on the A428 corridor.
Construction is expected to start in early 2027 with works running through to the end of 2031.
New Cambridge busway route
The busway scheme is designed to provide a fast public transport link into the city, supporting housing growth west of Cambridge while reducing car journeys on key routes.
For more information, email here.