Luton Borough Council and Central Bedfordshire Council are making a joint contribution to the busway.
Council bosses have defended signage on Cambridgeshire's guided busway after a lorry accidentally drove along it.
The concrete-tracked busway opened last year and runs services between Huntingdon and Trumpington, south of Cambridge.
Three people have been injured after two buses crashed on a guided busway in Cambridgeshire.
The final defect which delayed the opening of Cambridgeshire's guided busway has been fixed, councillors say.
The 16-mile concrete-tracked busway opened last year and runs services between Huntingdon and Trumpington, south of Cambridge.
The company said it thought the driver had misjudged the entrance to busway, causing it to leave the tracks.
In 2011 Cambridge opened a guided busway to help to encourage the use of buses and ease city congestion.
The level of the maintenance track adjacent to the busway has been raised to reduce the risk of flooding.
The busway route, which links Huntingdon with Cambridge and Addenbrooke's Hospital, was opened two years late, in August 2011.
Final signal checks are being carried out on a delayed guided busway in Cambridgeshire before it is opened next year.
The areas affected are on College Drive between Court Drive and Boscombe Road where the first phase of the Luton Dunstable Busway is starting.
The bus blocked both tracks at the busway entrance, causing delays.
In 2001, funding from the Department for Transport was granted for the development of the concrete-tracked busway along a disused railway track between St Ives and Cambridge.
It is hoped the busway will ease congestion on the A14 and provide an alternative mode of transport for people living at a proposed new housing development in the area.
The defects which plagued the busway included inadequate gradient in a park and ride site prompting fears of flooding and concerns about gaps between the concrete beams allowing them to expand or contract depending on the weather.
The Los Angeles County Metropolitan Transportation Authority offered free service on the Red and Purple line subways, the Orange Line busway and 25 other bus lines over the weekend, but savvy LA residents seemed to choose to stay close to home rather than risk getting caught up in the traffic, which never materialized.
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