The approved scheme, cheaper and less ambitious than Rogers' design, will cost Glasgow City Council just £3.7 million, and forms part of a larger £33 million scheme to link Broomielaw with Tradeston.
The design, nicknamed the Squiggly Bridge, was picked through a hastily organised competition after the costs of Rogers' project (below) spiralled to almost £60 million (Rogers' Glasgow bridge dropped as costs soar).
It understood contractor Edmund Nuttall will work on the 7m-wide pedestrian and cycle crossing.
Glasgow City Council leader Steven Purcell said: 'This bridge is vital to the continuing regeneration of the Clyde area.
'Having more links across the river helps to unlock more development and regeneration.'
He added: 'New bridges also allow communities to mix north and south of the river and makes it easier to attract more bars, restaurants and leisure facilities.'
Originally scheduled to open in May 2008, a revised timetable is not yet known.