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.
Get in front of tomorrow's news for FREE
Journalism for the curious Australian across politics, business, culture and opinion.
READ NOW‘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.