The monument aims to recognise the role sailors played in not only discovering and developing WA, but also in defending it during times of war.
The grant of $418,450 has allowed preliminary work on the project to start and engineering testing has already been carried out.
Project convenor Gavin Ryan said the monument, a sculpture, would feature a bronze sailor leaving home to join a ship.
A solar clock with a 13.5-metre high gnomon (the part of the sundial which casts the shadow) in the shape of a ship will be visible from below the horizon at sea.
‘There is nothing like this monument in Australia as a tribute to our sailors,’ he said.
‘The Lotterywest grant is important for the project and will go with the $250,000 granted by the State Government and the pledge of $400,000 from the Royal Australian Navy and the Federal Government that we’re currently finalising.’
The project is expected to cost $1.9 million.