The plan, formed to tackle deficiencies in the city's drainage system, will pave the way for 22,000 new homes to be created on brownfield sites.
The MGSDP is expected to bring an economic boost of over £65m to the city-region while also reducing flooding risk for more than 7,000 existing properties and over 30km of roads.
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Overall, the strategy will be implemented in 14 areas across Glasgow and is expected to release over 1.33 million sq m of land for housing development, over 44,000 sq m for office development and almost 30,000 sq m for industrial development.
Cllr Frank McAveety, Chair of the Glasgow City Region City Deal Cabinet, said: "The drainage plan will help to deliver 22,000 new homes, many new jobs and a huge economic boost to the Glasgow city region.
"This plan is a great example of how City Deal funding can enable development that would otherwise not happen, bringing tremendous economic and social benefit. This fantastic project will unlock a huge amount of the area's economic potential, and prevent the impact of flooding on residents and businesses."
(LM/MH)
