Work on the long-awaited freight hub at Bomen could begin later this year.
Wagga CIty Council general manager Peter Thompson said tenders were expected to be called "very soon" for the construction of a terminal, one of the key planks of the Riverina Intermodal Freight Hub.
Visy Logistics is expected to invest between $5 million and $10 million in the freight terminal, while the state government promised $14.4 million for rail works.
Mr Thompson said a grant application for more than $20 million, which would pay for an industrial subdivision, was currently with the government, but he is not expecting any announcement on this before the state election at the end of March.
Last month, Bomen was named as a "Special Activation Precinct" in a bid to help the industrial estate grow by cutting red tape, streamlining processes and encouraging business development.
Wagga has also been identified as area of “significant growth” that will have 100,000 residents under a government 20-year plan for regional NSW.
Mr Thompson said the feedback he had received about Wagga becoming a Special Activation Precinct was positive.
"There has been a great response from industry and from other other government authorities. Other councils are looking at us and wondering how we did it and how it was announced," he said.
Committee 4 Wagga chief executive officer Alan Johnston said the comments he was getting from business people in Bomen, particularly those who were looking to expand, was favourable.