The history of this project is long and has been going on for some decades, but in 2013 the master plan of the municipality Mýrdalshreppur was approved with a new Ring Road through Mýrdalur, south of Geitafjall, above Dyrhólaós and through a road tunnel in the south of Reynisfjall.

The government has provided funding for the preparation of the project from 2020-2024, but the project itself has not been financed.

"The road infrastructure must be prepared for self-driving vehicles – especially in the beginning when the concepts are still new. Researchers are contributing to this through CoEXist, an EU-funded research project in which VTI participates as the largest partner." So it says on the Nordic web page which publishes articles about research projects in the Nordic countries. 

The new Vestmannaeyjar car ferry Herjólfur IV was greeted with great joy by inhabitants and guests at a welcoming event at Vestmannaeyjar harbour on the 15th of June. The event was held in celebration of the arrival and naming of the Herjólfur car ferry.