The $3.8 million pathway - which stretches for 1.6km along the southern edge of Lake Nagambie - will provide a safe and accessible pedestrian link between the Nagambie Regatta Centre and the Nagambie township.
The plans show a shared path featuring concrete on-land walkways and boardwalks over the water.
"Council has worked hard to ensure a fully accessible path is wide enough to allow simultaneous passage of pedestrians and cyclists," Strathbogie Shire Council Mayor, Cr Laura Binks, said.
"We have also ensured the path will have minimal environmental impacts - moving sections on water ensures the protection of vegetation along the shoreline.
"The pathway will include sit-out areas and solar lighting at regular intervals for night passage."
Council awarded the tender for construction of the pathway at its Extraordinary Council Meeting to Shepparton-based company Gradian Projects. Work is expected to start in March.
The project is made possible by a $3 million Victorian Government Regional Development Victoria Grant, along with $350,000 Federal Government grant provided in May 2019, $250,000 from Strathbogie Shire Council and $200,000 provided by Nagambie businesses.
The Nagambie Foreshore Walk will be a safe and accessible connection between Nagambie Lakes Regatta Centre, the Nagambie Lakes Leisure Park and the town centre.
"Above and beyond this, it will create an attractive and iconic walking trail for residents and visitors to enjoy year-round," Cr Binks said.
"The path will support township connectivity, economic development and safe, healthy, active living."