Environmental consultant IKM Consulting has been appointed as principal contractor to repair the walkway below Dunblane Cathedral.
The section of path has been closed since 2011 after it was washed away due to a period of bad weather.
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The council has allocated £100,000 towards the project, while Dunblane Development Trust has secured a £10,000 grant from the Clackmannanshire and Stirling Environment Trust. In addition, over £2,000 has been raised from public donations.
The repair works will be overseen by the local authority's Localities and Infrastructure Service.
Chair of Dunblane Development Trust, Roy Nicolson, said: "After years of campaigning and effort by the trust's volunteers, the local community will be delighted that the reinstatement of this valued riverside walkway is now being undertaken."
(LM/CD)
