The project aims to ease congestion at Cathcart Street car park by introducing a new entrance from Watt Place with a new exit at the opposite end on Bank Street.
The council said during the construction phase there will be some spaces temporarily out of use, although much of the carpark will still be available. All road markings will also be refreshed along with new signs to advise drivers of the change.
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The project, which started on 14 May, is scheduled to last around four weeks.
Cllr Michael McCormick said: "We have had a number of requests to look at the layout of the car park given the congestion that can build up on Cathcart Street itself with cars coming in and out at the same time.
"The new layout will help to ease the congestion in the car park itself and on the road by forming a dedicated entrance and exit making it one way. There is also the added benefit of an additional four spaces being created."
(LM)
