The works, to be carried out over the course of a year, will involve repairs along the coastal paths from the Old Castle Road right up to the lighthouse as well as new steps and handrails.
Mid and East Antrim Borough Council gave the green light for the project.
A list of contractors who have passed the first stage of the appointment process is now being drawn up for the tender to go live in January.
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Mayor for Mid and East Antrim, Cllr Lindsay Millar said: "We're delighted to be announcing that this project has got the green light. Everything is progressing really well and to schedule. After many years of neglect, we now have the support of elected members to get the essential repair works underway.
"We are extremely keen to reopen the path so it can be enjoyed by our local community and tourists. Whitehead is a stunning town with lots of eateries, shops, arts events and beautiful scenery to explore, and I would encourage everyone to make use of this whilst the works are ongoing.
"We will be continuing to work closely with residents and the local community, including Blackhead Path Preservation Society, to get the path open as soon as possible."
New fencing and signs highlighting the dangers of the collapsing path area are now in place to prevent the public from getting on to the dangerous areas.
Work is expected to start on the project in Spring 2019.
(CM)
