Corangamite Shire councillors cast a unanimous vote to adopt the latest schematic design on Tuesday night, despite receiving 48 feedback forms and four written submissions from ratepayers.

Nearly half the feedback related to Lord Street traffic concerns, including the traffic lane width, parallel parking, large vehicle movements and boat access.

Addressing councillors at the shire's Camperdown meeting on Tuesday night, Port Campbell business owner of 13 years Michael Hunt said that the plan still needed improving.

"A lot of hard work has gone into this I can understand that, but there are some areas I am still pretty concerned about," he said.

"I'm against taking out roundabouts: taking the roundabout off the Great Ocean Road is futile, I don't think it will improve anything, and taking out the roundabout at the bottom of Cairns and Lord streets is an absolute safety risk without a shadow of a doubt.

"I've been watching that intersection for a long time and it's the one thing that slows the traffic down, it is the buffer. Lord Street should stay exactly the same as what it is at the moment.

"Eight weeks of the year we are flat out, no-one can get a park - does it matter? We're a tourist town, it's what you expect."

In March this year a concept design was adopted by council, followed by a schematic design put to the community in August and September.

Key changes following community feedback included keeping the current layout of the Fisherman's car park and widening of lanes in Lord Street between Morris and Cairns Street to 3.5 metres.

Mayor Neil Trotter said it was a battle to please locals while preparing the town for the millions of tourists that visit each year.

"At times it's been very contentious, there's been a real diversity of opinion," he said.

"People are highly passionate about their town, and rightfully so, but we're under pressure to cater for the 2.6 million visitors and meeting the wishes of the local community.

"Not everyone will be happy with the outcome but I think we've reached a consensus with a way to go forward."

The council received 16 feedback forms on the proposed layout of Fisherman's car park, 12 on the removal of the roundabout at Lord and Cairns Street, 12 on the need for additional summer car parks, 12 requesting additional footpaths, and scores of others on angle versus 90 degree parking, bus parking and accessible parking.

Under the new plan, Lord Street will have parallel parking, as well as time restrictions and short stay parking.

A nature strip proposed to be taken out in Cairns Street will be retained, and 90 degree parking will remain in place at the foreshore.

The roundabout at Lord and Cairns Street will be removed to create a priority-controlled intersection that will require all vehicles to stop before entering Lord Street.

There will be 90 degree parking on the west side of Tregea Street to increase parking spaces.

The plan also looks to 'pinch' the width of Morris Street near the Public Purpose Reserve to slow vehicle speed near the playground.

Lighting design is expected to be finalised in the design development stage.

Now that the plan has been adopted, the next steps for the council will be to get advice from a surveyor to get an initial cost estimate and develop a draft implementation plan which will include identifying project stages.

The project is expected to cost $10 million.

"Getting the required funding will be challenging, we've made provisions in our budget but we hope the state and federal government see the importance of it too," Cr Trotter said.

"It's beyond the capacity of council to meet the cost."

READ MORE: New Port Campbell design 'needs refining'

Have you signed up to The Standard's daily newsletter and breaking news emails? You can register below and make sure you are up to date with everything that's happening in the south-west.