The old one was closed last year for safety reasons.
The slipway will cost up to one-and-a-half million pounds, with funding coming from the proceeds from the sale of Elizabeth Hall, the county council, and other sources.
The new slipway is a key part of Exmouth's regeneration and is expected to attract boat users from outside the area.
Tens of millions to be invested in Devon's buses
Local leaders will decided how money is spent
Fawlty Towers: The Play - REVIEW
Chaotic tribute act to renowned series
Lib Dems hold Exmouth seat in by-election
Fran McElhone wins the Halsdon seat
Paignton YMCA moves into former Mormon chapel
Our new home is absolutely ideal'
Homes to be built on former Exeter driving range
More than 50 houses planned
