Wisbech could be in line for a multi-million pound residential and industrial development.
Wisbech Enterprise Park is a vision for land on the outskirts of the town but relies on improvements to the A47 and reinstatement of the railway.
Last week a coalition of private companies and councils launched a campaign to reinstate the Wisbech to March line.
The A47 is set to be included in a new £15 billion road building programme.
Fenland District Council has earmarked land running between the Nene and the Elme Hall Roundabout for a business park, industrial park and 400 to 500 new homes within its local plan.
A council spokesman said: “The Enterprise Park forms a key element in realising the overall aims of the Wisbech 2020 Vision.
“The site has already been identified in the Local Plan as a broad location for growth and thus allocated as an area for development.
“It provides opportunities for business, industry and housing growth and has the potential to provide 400-500 extra homes, as well as a significant number of jobs.
“Its development goes hand-in-hand with the major infrastructure improvements we are seeking – the Wisbech-March rail link and the upgrading of the A47.
“We are currently working on a masterplan that we aim to finalise.
“ We have already had positive dialogue with the various landowners as well as with Cambridgeshire County Council as the highways authority and the Highways Agency, and we have submitted a £6 million bid to the Greater Cambridge Greater Peterborough Local Enterprise Partnership to help us drive the scheme forward.”
The park is also reliant on the delivery of an east-west road to address bottlenecks.
Businesses and organisations in the town are rallying behind the rail campaign.
n See page three for coverage of the launch.