New footpaths will be laid in Commercial Road, between Station and High streets.

Moyne Shire will provide $500,000 funding for the works under its footpath maintenance program.

The money will come from allocations of $250,000 in each of the next two years.

A Koroit Streetscape Committee has been formed to oversee the project.

The committee is made up of community members Tracey Mahony, Chris Meddows-Taylor, Rachel Wright and Sheryl Duncan.

Moyne Shire employee Gerard Kearney will be on board as a non-voting member, while the committee have the chance to add a councillor to their number.

The committee's first meeting will be held in the next four-six weeks with one of its first tasks to create a terms of reference document.

Moyne Shire Council director of infrastructure and environment Trev Greeberger said he hoped work on the main street footpaths would begin early in the new year.

He said the committee would have input into the materials to be used to construct the footpath, with a number of different designs expected to be tabled.

As well as the footpaths, new street furniture and trees will be part of the works.

He said the extent of this would depend on available funding.

"I'm very happy with the make-up of the committee, there is a nice mix of community members," Mr Greenberger said.

"The committee will provide feedback into the process and put forward ideas and hear what the community has to say."

He said a decision on whether street trees currently in place will be kept or removed and replaced had not been made.

The solving of that part of the jigsaw is unlikely to take place until a solid plan for the new footpaths is put in place.