In a joint venture (JV), Graham Construction and Farrans Construction have been selected to carry out work on the A6 Randalstown to Castledawson Dualling Scheme after plans to proceed were given the go-ahead.
The scheme will provide approximately 14.7km of new dual carriageway: 7.3km between Randalstown and Toome and 7.4km between Toome and Castledawson.
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Infrastructure Minister Chris Hazzard said: "One of my key priorities over the next five years is redressing the North's infrastructure deficit, particularly west of the Bann.
"I am determined to contribute towards economy growth in a regionally balanced way and I believe it is vital that infrastructure projects such as this are prioritized.
"My commitment to this area in delivering this £160 million flagship investment will strengthen the links between Belfast and Derry and positively develop the A6 as a key transport route into the wider North West area."
Sinn Féin MLA Ian Milne said: "This is a long-awaited project and it is great to see it ready to begin.
"Not only will it cut journey times for motorists, it will also provide a boost to the construction industry and help the local economy."
(CD)
