The Council has already secured planning permission for the works and approved a framework contract with BAM Nuttall, Vinci Construction and VolkerFitzpatrick to deliver civils works for the vast housing project.
Work is now expected to start on site by Autumn 2021 providing parks, rail and road infrastructure as well as cycle links, bridges, flood alleviation and utilities.
The key infrastructure works will run until 2024.
The main project will be the delivery of the central boulevard passing through the whole of the development, stretching from the new Meridian Water Station to Lee Valley Regional.
The cash is being released from the Government’s Housing Infrastructure Fund, designed to unlock housing sites and help deliver new homes.
Meridian Water will provide 10,000 homes and 6,000 jobs when complete and will play a major role in tackling the housing crisis in Enfield.
The homes will be marketed predominantly to local residents and the Council has repeatedly promised that local people will be the primary beneficiaries of the project.
The leader of Enfield Council, Cllr Nesil Caliskan, said: “This is a vital stage in the delivery of Meridian Water and I am delighted that we are on the cusp of appointing partners to deliver the key infrastructure the transformational and ambitious Meridian Water project needs to be a success.
“All of our partners have demonstrated they possess the drive and excellence to help us make this project a success and this latest announcement marks a further step towards the creation of a special development in our borough.”