Another major project underway in the Philadelphia is area is the $900 million upgrade of the junction where Interstate 295 ties into I-76 and NJ 42 (North South Freeway) at Bellmawr. Studies outlined deficiencies with the interchange, including geometric conditions and the lack of a direct connection for I-295 through movements, in addition to the need to improve traffic safety. Eleven improvement alternatives were evaluated, with four selected for further study in 1997.
The Record of Decision (ROD) for the I-295/I-76/Route 42 Direct Connection EIS was signed on March 20, 2009 by the FHWA. Design work followed, with initial construction of Contract 1 started in March 2013.
Construction for the Direct Connection project extends to Winter 2023, with 2016 funding issues pushing back the completion from fall 2021. Contract 1 work was completed in fall 2016. It involved work on I-295 leading into I-76 from the west, and I-76 north from Market Street.
Contract 2 work runs through fall of this year, with work to rebuild I-295 leading to I-76 from the east, and ramp changes from I-76 east to I-295 north, and from I-295 south to I-76 west.
Contract 3 construction builds a new mainline for I-295 passing over the I-76 transition to NJ 42 (North South Freeway). It eliminates the AI-Jo Curve and current weaving traffic pattern where I-295 overlaps with I-76 along c/d roadways. The five year contract started in winter 2016.
Contract 4 rebuilds the I-76 / NJ 42 (North South Freeway) mainline and completes ramp construction for I-295 south to the North South Freeway and I-76 east to I-295 south. Additionally the I-295 northbound mainline will be completed under this contract, once the final new ramps are completed. This work is scheduled from spring 2020 to winter 2023.
We drove through the I-295/I-76/Route 42 Direct Connection project area to document construction progress on December 18, 2016:

Expansion of I-295 as part of Contract 2 replaced a grassy median with a concrete barrier and expanded the freeway footprint along the north side. Sound walls rise along the north side, separating the freeway with adjacent Little Timber Creek. These were added as part of Contract 1 wetland / riparian mitigation work in 2016.
Where is the ramp from North 295 to South Rte 42
Looks like it was considered, but there are no formal plans for it now.
https://www.aaroads.com/forum/index.php?topic=8539.msg259913#msg259913
295 42 missing moves is a separate project. Plans are complete and posted online RDV systems 295 42 missing moves. You have to imagine driving 42 towards philly and seeing the Bellmawr industrial park on the right side. The new flyover ramps will transverse the Bellmawr dump over to timber creek setting down under creek road. Second creek road bridge over 295s and Delsea dr over 295s must be replaced first. The Bellmawr industrial park exit will be moved south closer to 55n on ramp that will also be expanded to two lanes, one for 42n and one for 295s. This was supposed to start spring 2018. I suppose bankrupt NJ transportation fund is responsible for the delays yet again.