A DEVELOPER has offered to spend £40million on a road which will help ease Airdrie's traffic congestion.

Scott Gillespie could build a bypass if he gets the nod for a huge housing and business plan costing £500m.

Gillespie Investments is prepared to build the road flanking the east of the town from outside Chapelhall to the A73 at Auchenkilns.

The bypass would also link the busy M8 with the existing Stepps bypass on the M80.

Jim McCabe, leader of North Lanarkshire Council said: "It is a great opportunity to change the face of an area and it will have knock-on affect for the whole of the country."

The road would also be a major marketing tool for the developer if he gets the go-ahead to build 2500 new homes and a business park.

The 15-year project would sustain 1500 jobs.

A Transport Scotland spokeswoman said a proposal of this type "would have to be fully assessed."