The work on Portstewart's promenade is expected to start at the end of this month.
The joint initiative will include £750,000 from the Department for Social Development (DSD), with Causeway Coast and Glens Borough Council providing equal funding of £750,000.
The regeneration work includes:
• replacement of the existing footways with a new high quality concrete aggregate and granite pavers;
• improved street lighting that will complement the marine environment of the area;
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• The installation of stainless steel railings along the entire length of the seafront side of the promenade, and;
• High quality street furniture.
Social Development Minister Mervyn Storey said: "I am pleased that this Public Realm Scheme for Portstewart will be getting underway within the next few weeks and that GEDA Construction have been appointed to deliver these improvements.
"Public Realm Schemes have created a more attractive environment for a number of towns throughout Northern Ireland and these have helped improve the vitality of the area. I know that those who live, work and represent Portstewart are giving their full support to this Scheme."
The Mayor of Causeway Coast and Glens Borough Council, Councillor Michelle Knight-McQuillan said: "The funding of £1.5million for a Public Realm Scheme to improve one of our most popular towns in the Borough is significant for Portstewart.
"The opportunity to work in partnership with central government will enable Council to deliver a project which will enhance our local area."
(CD/MH)
