The scheme is designed to protect homes and businesses which have previously been badly affected by flooding events around the River Carron.
It is designed to provide a 0.5% chance of occurrence, including an allowance for climate change, and a safety margin catering for uncertainties.
The project includes the alteration of five bridges along the River Carron; removing, replacing and raising the Red Bridge and Green Bridge; removing, refurbishing and reinstating the White Bridge in a raised position; replacing the Bridgefield Bridge parapet with a reinforced glass type material; and raising and widening the Beach Bridge.
Works also include the construction of flood walls between the Red Bridge and the river mouth, and the island downstream of the Green Bridge will be removed.
As well as, the installation of two higher capacity culverts on the Glaslaw Burn and a new culvert under the gardens of Cameron Street.