St Kilda’s iconic pier will soon be gone as you know it. The State Government is investing $50.3 million to completely rebuild the pier, with construction expected to begin in 2020.

The rebuilt pier will create a curved breakwater as it arcs out into the bay, better protecting the swimming area and penguin colony. The project will include the creation of a penguin viewing area and tiered seating leading into the water.

The viewing platform will give visitors a vantage point to watch the penguins return to their homes among the rocks after sunset. There are an estimated 1400 little penguins living at the site.

Elsewhere, new toilets will be installed, and more green spaces created. More than 6000 people visit the 50-year-old pier each day in peak season.

A further $27 million has been allocated to the creation of separated bike lanes nearby on St Kilda Road.

The new bike lanes will be a mixture of kerbside lanes that have a physical barrier separating cyclists from traffic and parked cars, and a “central safety zone” giving cyclists a separated lane in the middle of St Kilda Road.