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The now-defunct industry services group had previously been appointed to develop the two-mile southern section of the Whitehill and Bordon Relief Road.
The project will join up with phase one (Louisburg Avenue) to create a new Relief Road to the west of the area, with a dedicated path for pedestrians and cyclists.
Once complete, the relief road will be around 2.6 miles long, except for a short section of dual carriageway at the northern end, and will comprise a two-way single carriageway with separate provision for pedestrians and cyclists. It will run from the north of Bordon, on the A325 Farnham Road, pass through the Ministry of Defence area to the west of the town, and reconnect with the A325 to the south at the A325 Petersfield Road, Liphook Road and Firgrove Road junction in Whitehill.
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Cllr Rob Humby said: "Having followed the due legal process with Price Waterhouse Cooper, who have been appointed to manage the wind up of Carillion's affairs, we are now in a position to terminate the contract with Carillion. The contract will be formally terminated on Monday 5 February.
"Our first priority is to ensure the completion of the southern section of the relief road from the A325 / Firgrove Road roundabout to Junction 2 to allow access to the first phase of new housing.
"We have made arrangements with Skanska to complete this work and will begin detailed programme discussions with them next week. We will be able to provide further updates following this.
"I would like to reassure residents that there is no doubt the relief road will be completed, and we are developing our options for the northern section. I would also like to reiterate Hampshire County Council's commitment to the successful regeneration of Whitehill and Bordon which, along with the new relief road, includes the Future Skills Centre and the new school building for Mill Chase Academy, all of which promise to make Whitehill and Bordon a vibrant community for future generations."
(LM/MH)
