The project has been given the code name ‘Construction 2018’ during its development.
The rollercoaster is being manufactured by Mack Rides at its factory in Waldkirch, Germany and will open in Blackpool in Spring 2018.
A double launch will see thrill seekers propelled forward at high speed at the start of the ride and a second point half way through the two and a half minute experience.
Riders will experience the same levels of G force felt by the driver of a Formula 1 car while the launch of the ride features acceleration which is four times that experienced in a Lamborghini Gallardo.
Construction 2018 will reach heights of 88.5ft with drops of up to 82ft.
Deputy Managing Director of Blackpool Pleasure Beach, Nick Thompson, said: “We have been working on this concept for five years now and are delighted to be able share news of our plans.
“Construction 2018 will be fast, adrenalin fuelled and exhilarating but also smooth and comfortable – an entirely new ride experience.
“It sees a significant investment in Blackpool Pleasure Beach. We expect to see thrill seekers flock to the park to experience this UK ride first.”