Department for Transport (DfT) chiefs today confirmed an £82.5million grant will help make the stunning project a reality.
And work could begin next year, with the new crossing due to open to traffic as early as 2015.
Plans for the magnificent new bridge have been on the drawing board for some time and there had been fears the Government’s wave of public sector spending cuts had killed off the project.
But Sunderland City Council put in a bid for funding in September after the Government said that to £630million was being made available for local authority projects that could help boost economic growth and create jobs.
The council believes the project – which will link Castletown on the north bank of the Wear to Pallion on the south – will generate £4 in economic benefit for every £1 it costs.