Committee members agreed to approve the recommendation put forward that a new, three-storey, high school be built to replace the current Madras buildings at Kilrymont and South Street.
Cllr Fay Sinclair, Chair of the Education and Children's Services Committee welcomed the news, saying: "This is really good news and another step closer to having a new Madras College on a single-site, with all the benefits you would expect from a modern, purpose built school.
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"Madras College already offers our children an excellent educational experience but this can only be enhanced by having the learning and teaching taking place in up-to-date classrooms, which have been specially designed, built and equipped to support the very best of 21st century education.
"Under the Building Fife's Future programme we have already seen five high schools and two primary schools built, occupied and going from strength to strength. It is not before time that the pupils of Madras are being given the same chance."
The site will be accessed via a link road which has already been granted planning permission and is currently under construction. The access will open into the car parking and coach parking for the school, with 172 car parking spaces, 19 coach parking spaces and 112 cycle spaces.
The school building itself will be up to three storeys in height with a two storey games hall. It is planned to have a central courtyard with the assembly hall partially above. The ground floor would be left as outdoor space with the assembly hall supported by columns. There will be two all weather pitches also on site.
The school will have capacity for 1450 pupils.
