The facility is being delivered as part of the next phase of station improvements and completion is scheduled for autumn 2017.
Work is underway on the detailed design phase of the scheme, which is to be finished by May 2017. Construction work will then be carried out over the following 12 months.
The new rank is being built as part of the next stage of upgrade works at the station, which involves extending Platforms 5 and 6 into the site of the former taxi rank, expanding Platform 12, and relocating the escalator connecting platform 11 to the mezzanine level.
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Phil Verster, ScotRail Alliance managing director, said: "We are confident that the new plans for a taxi rank within the station boundary will present a significant improvement on the current arrangements for our customers looking to hire a taxi on arrival at Waverley.
"The rank within New Street car park will be easily accessible for passengers while allowing us to maintain the strict concourse access arrangements which have helped to improve the station environment during the last three years.
"Combined with our platform extension works, which get underway in spring 2017, the station will be better placed to meet the demands which will be put upon it by more frequent, longer trains during the course of next five years."
(LM/CD)
