A section of Riverside Drive could be cut from four lanes to two, it has emerged.
National transport charity Sustrans announced the proposals yesterday, which would also see the speed limit cut and a pedestrian crossing installed.
The city council was unable to confirm the details, but it did say a report would be presented to councillors.
Sustrans is providing £850,000 from its Community Links fund to help pay for the new footbridge over the railway line that will link Riverside Drive with Seabraes and Perth Road.
It said: “The link will form an important part of Dundee’s wider waterfront plan and will provide the opportunity for cyclists and pedestrians to move easily from north to south across the railway line to the waterfront.
“The £4.2 million project will also see the current four-lane carriageway on Riverside Drive reduced to two lanes and vehicle speed limits reduced between the Tesco roundabout and the Tay Bridge.
“A Toucan crossing will be put in place over Riverside Drive and bespoke cycle stands will be installed at Magdalen Green.”
Sustrans will also conduct a feasibility study into retrofitting the steps between Perth Road and Seabraes with “wheeling ramps” for cyclists.
Tom Bishop, Community Links coordinator, said: “Sustrans Scotland is delighted to announce that we will be directing funding into this project in Dundee.
“We are committed to ensuring that communities are better connected by safe and accessible walking and cycling facilities.
“This development connecting Seabraes to the waterfront will provide both those who live in and visit Dundee with excellent facilities to travel actively.”
The council’s economic development convener Will Dawson said: “We are delighted to receive this funding from Sustrans. I am sure the stunning design and strategic location of the new bridge will soon make it a city landmark.
“Thanks to the new bridge pedestrians and cyclists will get easy access from one of the main arteries of Dundee to the heart of the waterfront.
“A full report on road changes and crossing proposals will be considered by committee in due course.”