,The State Government has revealed the design of a 110m pedestrian bridge that will mark the entrance of the Elizabeth Quay inlet.

The $20 million structure will connect the inlet island with the foreshore, and will be constructed using steel and wood.

The Planning Minister John Day said the bridge would be an important link between the cafes and bars on the promenades, the island and the new ferry terminal.

He said the bridge would be high enough to allow most boats through, and wide enough to be used by both cyclists and pedestrians.

"[It] will be available to cyclists, but only to use in slow-mode, it's obviously not for high-speed cycling use, and that will need to be managed and thought will be given as to how that is controlled," he said.

Dredging of the inlet will start next week to allow boats to pass through.

Mr Day also revealed negotiations over land sales for a hotel on the Elizabeth Quay development could be concluded within the next few weeks.

In November, Chevron paid $64 million for the first parcel of land at the site, where it plans to build a 36 storey tower.

Mr Day said the sale had set the benchmark for the remaining lots.

"That's a very good amount achieved by the government," he said.

"This is going to be a very well developed and active precinct, there's a lot of public investment being made to achieve that, so we would certainly hope to achieve something similar for lots that are going to have a similar commercial purpose."

The government expects to conclude land sales for a hotel on the site by next month, but would not be drawn on who the prospective buyer was.

"Those negotiations are not quite complete at this stage but there is a preferred proponent so hopefully that can be announced in the next few weeks or so," Mr Day said.

Mr Day said construction of the $440 million development was still on track to be completed by 2015.