The project, which is being analyzed as a Public private partnership, could be completed in a period of four years and has an estimated cost of CAD$1.2 billion.
PPP Canada is currently considering the province's funding application for the project.
Don McMorris, the minister for Highways and Infrastructure, stated:
When the bypass proceeds to construction, it will be the single largest transportation infrastructure project in Saskatchewan's history. The ministry will need to acquire a considerable amount of land in order to make this project a reality.
The government is currently working to buy the land it will need to build on.
The proposed twinned highway begins on Highway 11 northwest of Regina and runs south to Highway 1. The bypass will then wrap around south of the city about 5 km south of Highway 1 and be routed 400 metres east of Tower Road to connect back with Highway 1 on the east side of Regina.