A state-federal partnership has been formed to help move the Assembly Square Project in Somerville forward.

The initiative is part of Gov. Deval Patrick’s Massachusetts Recovery Plan to secure the state’s economic future.

Joined by Senator John Kerry and Congressman Mike Capuano, the Governor said more than $65 million in state bond and federal stimulus funding commitments will support the public infrastructure improvements needed to accelerate a development project that stands to create thousands of permanent jobs and long-term regional economic growth.

 "This project will put people to work now and in the future, and deliver a host of economic, housing and community benefits to Somerville and the region," said Patrick. "This is what recovery spending is all about."

The Governor has committed $50 million to the project through the state’s Infrastructure Investment Incentive Program (I-Cubed) program, making Assembly Square the commonwealth’s first I-Cubed project.

The congressional delegation and the governor have also committed to using $15 million in American Recovery and Reinvestment Act (ARRA) Highway Transportation funding to complete the necessary infrastructure improvements for the mixed-use project.

A large, multi-phase project to be completed over several years, the Assembly Square project will result in 1.75 million square feet of office space, 1.15 million square feet of retail space including a new hotel, 2,100 rental and ownership condominium housing units and a new MBTA Orange line stop.