An arterial route into Corby that has been shut to lorries for three years could finally be set to fully reopen.
A bridge in Geddington Road had restrictions placed on it suddenly in January 2011 after it was found to be dangerous.
Despite intense negotiations, Northamptonshire County Council and Tata Steel could not agree who should pay for the necessary work to be carried out.
Their stalemate has meant that no heavy or wide vehicles could use two narrow chicanes placed on the road.
But now the two parties have agreed a cost-sharing proposal for the bridge.
Negotiations have been taking place between the two organisations for a number of weeks to come to arrangement.
If an acceptable agreement is reached in the next few weeks this could see permanent repairs start on site early in the new financial year.
This work will return Geddington Road back to full usage and allow for the three-tonne weight limit to be removed.
Councillor Michael Clarke, county council cabinet member for transport, highways and environment, said: “I’m delighted that we have taken this significant step towards the road being fully open, which will be an enormous relief to the people of Corby, businesses and, indeed, anyone who uses Geddington Road.
“I’m pleased that we have been able to work together with Tata to agree in principle to an arrangement and I look forward to the finer details now being worked-out.”
The privately-owned bridge was constructed in the 1936 and has been found to have structural deficiencies that make it unsuitable for taking modern traffic loading.
Work to refurbish the bridge will include constructing a new deck over the existing one as well strengthening the abutments.
Part of the negotiations involved determining cost-sharing for repairs to cater for the changes in traffic loads that have increased substantially since the original construction of the bridge by the then owners Stewart & Lloyds.