The planning of Majura Parkway began with the ''Tomorrow's Canberra'' (1970)
National Capital Development Commission (NCDC) report which identified the Majura Valley corridor as a component of Canberra's peripheral road system. Further NCDC and
National Capital Authority (NCA) studies including
Metropolitan Canberra (1984) and the
Canberra Spatial Plan (2004) identified the need for a primary road link in the area. This was also backed up by the
Gungahlin External Travel Study Information Report (1989) identifying four main access roads needed for residents of the
Gungahlin district. Concerns were also raised by the
Geological Society of Australia in regards to the construction works affecting a fossil site on Woolshed Creek in the vicinity of the Fairbairn Avenue southbound offramp. The Geological Society of Australia later accepted assurances from the ACT Government that the site would be protected. Preparatory roadworks on nearby roads began in 2008, with the main project beginning in September 2012 when
Fulton Hogan was awarded the contract to build. Major construction then began in January 2013, creating around 350 jobs. The end of construction for the Majura Parkway project was formally announced on Friday 22 April 2016, coinciding with the naming of the
Malcolm Fraser Bridge, the most prominent feature of the project, which runs over the Molonglo River. The bridge's name was unveiled by
Tamara 'Tamie' Fraser, wife of the former Prime Minister. The off-ramp to Meddhung Road linking to the Majura shopping precinct was opened later on 22 December 2017. Majura Parkway has now largely replaced
Majura Road, which was formerly the main route through the valley and carried approximately 18,000 vehicles each day, but as a single carriageway rural road, lacked capacity to cope with future increases in traffic. The need for its replacement with a more efficient, higher capacity roadway was highlighted in several studies. The southern alignment of Majura Road remains largely intact to serve local traffic to various facilities located in the
Majura Valley, multiple rural properties and
Canberra Airport's business precinct. ==Interchanges==