The new play provision will be located on the former Brandywell civic amenity site on the Lone Moor Road.
The scheme is jointly funded from the Social Investment Fund (SIF) which is part of the Executive's Delivering Social Change Framework, and the Council through its Parks Development Programme to the value of £500k.
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Crawford Contracting Group Ltd from Ballymena has been appointed the principle contractor for the scheme.
Charles Lamberton, Triax Strategy Manager, said: "This is a culmination of ten years work which has seen significant redevelopment of play parks at Abercorn Road, Bull Park, and Bishops Field and recently the new park in the Fountain Estate.
"Triax has worked with various partners to ensure that the Triax area has adequate play parks and green spaces to enable our children and young people have the freedom and space to live, laugh and enjoy life.
"It is important that Triax thanks Martin McGuinness for all his support over the years in all our work but more importantly for the funding from the Executive Office and Social Investment Fund for the Brandywell Play Park."
(CD/LM)
