The signing of a statement of intent by all parties involved in the historic deal, which is set to unlock millions of dollars for significant infrastructure projects in the next decade and beyond, was scheduled to be held on Thursday, but has been put off to a date to be confirmed in the new year.

The Border Mail understands the Victorian Government has blinked at the last minute despite confirming in late October it had beaten NSW to supporting the deal with a letter to Wodonga Council.

The Andrews Labor government was contacted for comment.

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Federal Regional Development and Territories Assistant Minister Nola Marino announced in mid-November all parties, the federal government, the Victorian and NSW governments and Albury and Wodonga councils were onboard and the signing of a statement of intent to outline the focus and scope of the deal was imminent.

But Ms Marino confirmed there had been a last-minute hitch.

"All three levels of government remain committed to delivering an Albury Wodonga regional deal, however the proposed event date was not suitable for all parties," she said.

"The three levels of government will work together to identify a suitable time to formally sign the statement of intent for the Albury Wodonga regional deal, which will outline the scope and set out our collective vision and commitment to the deal.

"The areas of focus in the statement of intent will form the basis of business and community consultation about the specific commitments to be included in the regional deal.

"Local stakeholders will continue to be critical to delivering a deal that the region owns and can be proud of.

"In the new year, we expect to kick-off in-earnest community consultations to understand the priorities, opportunities and challenges that exist in the region.

"We expect consultations will continue throughout the deal formation to ensure the deal will deliver the future prosperity and liveability for the region."

Albury and Wodonga councils played a significant role in securing $3.2 million in this year's federal budget for strategic planning for the regional deal outcomes.

One of the biggest infrastructure projects being discussed in Albury-Wodonga is a single campus, state of the art hospital on a greenfield site servicing the twin cities and surrounds.