A statement of intent for the Albury-Wodonga Regional Deal will be signed today, after initially being postponed in December.
The twin cities' mayors, Kevin Mack and Anna Speedie, will sign the statement at the Albury Council chambers, with Deputy Prime Minister Michael McCormack, NSW Deputy Premier John Barilaro and Victorian Regional Development Minister Jaclyn Symes taking part in the event via Zoom.
A spokesman for Assistant Minister for Regional Development and Territories Nola Marino said in May that the statement of intent would form the basis of business and community consultation.
"Each government has experienced significant disruptions resulting from both the bushfires and the COVID-19 pandemic, which has caused delays," he said.
"Local stakeholders will continue to be critical to delivering a Deal that the region owns and can be proud of.
"In the near future, we hope to kick-off 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."
The NSW government officially locked in its commitment to the Albury-Wodonga regional deal in November, three weeks after Victoria backed the deal.
The process to get all the parties on board took eight months, after it was announced by Senator Bridget McKenzie in March 2019, ahead of the federal election.
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.