The project represents a potential investment in the range of £125million to £165million.
The announcement refers to the publication of the Draft Statutory Orders which will pave the way for the improvement of the busiest junction in Northern Ireland.
Transport Minister Danny Kennedy said: "Currently the York Street Interchange can have around 100,000 vehicles using it every day.
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"The proposed improvements will separate strategic traffic from the local streets by providing direct vehicle links between the Westlink, the M2 and M3. Also included in the proposals is the construction of a new bridge to carry York Street traffic over the junction.
"This is one of the most ambitious schemes planned for Belfast for decades, and I would encourage everyone who cares about the development of our road infrastructure to get involved and take part in the public consultation process."
The Department will also have a public exhibition in the Ramada Encore where a scale model and computer generated graphics of the scheme will be on display on Monday 9th February from 2pm to 9pm and Tuesday 10th February from 10am to 9pm.
(CD/MH)
