The South of the City project will be built by Balfour Beatty and will replace Kincorth Academy and Torry Academy.
The three-storey building will comprise of 1,350 pupils and includes new learning provision, an incorporated dance studio, fitness suite, games hall, six lane swimming pool, an adjacent garden and 3G pitch.
The city council has appointed hub North Scotland as development partner Robertson will provide facilities management services.
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Preparatory work is already underway at the site and work on the facility is due to be completed by mid-June 2018.
Angus Macfarlane, chief executive of hub North Scotland, said: "Financial close is an important milestone for the new south of the city facility and paves the way for the construction of the school to progress.
"hub North is delighted to have been appointed development partner by Aberdeen City Council for the project and we look forward to continuing to work with it, as well as main contractor Balfour Beatty and the project's other key partners, in delivering a first-class educational environment that will bring benefits to the pupils and public of Torry, Kincorth, Nigg and Cove for generations to come."
George Hood, Balfour Beatty managing director, north Scotland, added: "We are delighted that Financial Close has been attained for this prestigious project for the City after several months of working in close collaboration with Aberdeen City Council, Hub, and our key supply chain. We are engaging with local SME's to maximise employment opportunities in Aberdeen."
(LM/CD)
