The Roads Corporation of Victoria (VicRoads) in Australia has invited proposals from interested companies to deploy electronic freeway management technology along the West Gate Freeway in Melbourne.

The winner will deliver variable speed limit signs, entry ramp signalling, CCTVs and digital message signs to offer live traffic updates on traffic conditions and delays.

The project will also involve installation of signs advising drivers of lane and speed restrictions around accidents, as well as improved communications and central control systems.

Australian Infrastructure and Transport Minister Anthony Albanese said that the technology will give VicRoads the tools they need to better manage traffic flow, as well as respond quickly to accidents and breakdowns.

"Indeed if applied nationwide, electronic freeway management systems have the potential to greatly reduce congestion and save Australian families and businesses more than $500 million a year," Albanese added.

"That’s why we’re providing funding to assist the states to retrofit their existing motorways with this technology."

Victorian Public Transport and Roads Minister Terry Mulder said the construction work will begin in 2013 on the project, of which the federal and Victorian governments are providing $12.5m each.

"Once completed in 2014, there will be a seamless technology link between the M1 east of Williamstown Road and the current M80 upgrade, with the full integration of these systems expected to improve safety and traffic flows along what are Victoria’s two busiest freeways," Mulder added.

"More than 160,000 vehicles use the Westgate Freeway each day. This technology is about ensuring people can spend less time getting to and from work and more time at home with the family."

The last date for the submission of the proposals is 22 August 2012.