Forth Ports Limited confirmed plans today for the East end of the port, connecting to the existing Prince Charles Wharf.
Construction work will take 18 months with a contractor set to be confirmed shortly.
Charles Hammond, Chief Executive of Forth Ports, said: “This is an important, privately funded investment for the Port of Dundee which is ideally placed to service the needs of North Sea oil & gas, decommissioning and Scotland’s offshore wind sector over the coming years.
“Our investment also puts Dundee in a position to benefit from offshore renewable projects such as Neart na Gaoithe which has the potential to deliver cost efficient renewable energy and economic benefits for Dundee.
“We are committed to investing in the port to ensure that the infrastructure is in place to support these industries and for the city of Dundee to fully capitalise on the significant opportunities they present.”
Upon completion the quayside will be 200 metres longer than currently and will be one of the strongest quaysides in Scotland, at a strength capability of 80 tonnes per square metre.