The pedestrian-operated crossing will be installed on High Street near St Monica's Primary School with construction to start on January 5 and expected to take six weeks.

Member for Bendigo West Maree Edwards said the new signals would be installed close to the existing school crossing.

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"Traffic management will be in place during construction, with speed on High Street reduced to 40 kilometres per hour," Ms Edwards said.

"Please drive to conditions for the safety of workers, other drivers, cyclists and pedestrians."

During construction there will be no access to Station Street from High Street with detours in place. Traffic going towards Bendigo will detour down Carpenter Street while Camp Street will be used as a detour for people trying to access St Monica's Primary School.

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The $500,000 project has been funded by the federal and state governments through the joint Targeted Road Safety Works program.

Deputy Prime Minister and infrastructure, transport and regional development minister Barnaby Joyce said the signals would increase safety for some of Bendigo's most vulnerable road users.

"The new signals will increase safety for pedestrians crossing High Street, especially for students and families accessing St Monica's Primary School," he said.

"Work to construct the new crossing will take approximately six weeks to complete, weather permitting."

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Senator for Victoria Bridget McKenzie said the federal government was investing a record $110 billion in infrastructure projects across the nation.

"That includes regional Victoria, ensuring the needs of our communities are funded and delivered," she said.

"Projects such as this one boost pedestrian safety, while helping to secure economic recovery from COVID-19 in the regions."

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