Work on the new £10 million bus station is set to begin in 12 months’ time.
Council bosses expect construction of the new interchange to start in September 2014 and take around 15 months to build.
The ten-lane station will move to the former Kwik Save car park off Crawshaw Street from its current site on Peel Street and include state-of-the-art buses, free wifi and improved waiting facilities.
Regeneration leaders in Hyndburn say the bus station project will also complement the £2.5 million Heritage Lottery bid aimed at creating a new public square, Pals memorial and improving shop fronts.
Helen McCue-Melling, the council’s regeneration manager, told last week’s town team meeting both projects could be on the ground at the same time.
She said: “Lancashire County Council (LCC) cabinet resolved to make compulsory purchase orders to acquire the remaining interests down there.
“LCC anticipate that will be a couple of weeks and then it can be resolved.
“County hope to be on site by August or September 2014 and are hoping it will be a 15-month construction period ending in November or December 2015.
“Our two projects could be on site at the same time or overlapping.”
As part of the bus station scheme more parking will be placed along Blackburn Road and on the decommissioned Peel Street site with a public consultation over changes to parking time limits in the town centre.
Hyndburn council leader Miles Parkinson admitted the work could be ‘problematic’ and said plans will be put in place to minimise inconvenience for both traders and shoppers.
He told the meeting: “We want a vibrant town centre to encourage people to come in by motor vehicle, bus or walk, or whatever means.
“We will look at our land ownings in the vicinity of the town centre to see what additional car parking can be made available.”