Cheshire West and Chester Council alongside Cheshire East and Warrington Councils have agreed to work together on a new regional transport body.
The Cheshire and Warrington Local Transport Body (CWLTB) will have the power to invest in schemes supporting economic growth and regeneration across the local authority region, following the announcement on the devolution of decision-making powers by Whitehall.
According to Cheshire West and Chester, the north-western region requires more than a billion pounds of investment in the next twenty to thirty years to ensure the sustainable transport needs of its local communities is met, with funding drawn from both the public and private sector.
Details of the Department for Transport's spending on Local Transport Bodies is set to be announced next month, with £21.8m already committed for the period 2015/6-2018/19.
Cllr Lynn Riley, Cheshire West and Chester Council's cabinet member for the environment, said: 'This funding gives Cheshire West and Chester Council, along with our partners in Cheshire East, Warrington and the Local Enterprise Partnership - a real opportunity to determine and decide for ourselves where transport investment needs to be targeted to support economic growth and jobs.'
'We hope this funding will enable us to take forward a number of potential high priority schemes in the borough during the four-year funding period, including opportunities for a new bus interchange in Chester, improved access to a significant employment site in Ellesmere Port and measures to reduce traffic congestion in Northwich town centre.'