Greenock Railway will be opening a line to the east of the city, but the rail line will run to the north-east.
The company is also working on an extension to the train station, and the plans include the creation of an “urban park” with green space.
The company is currently operating under a public-private partnership, with a funding model in place to provide funding to build the railway line.
A £1.5m loan was granted last month, with the company also seeking a £1m subsidy.
The greenock line will include stations at Clackmannanshire, Bournemouth and Wigan, and is expected to open in 2019.
The rail line is currently the third longest in the UK, but is not a major tourist attraction.
The rail line was originally planned to run from Clackmanshire to Wigan and Clackmont in North Wales, but plans have changed and the route has since been expanded to the East Midlands and the West Midlands.
The Greenock Rail Line is expected be open by 2023 and will provide around 8,000 jobs and more than 5,500 passengers.
It will also help the company generate £5.5 million a year in revenue.
The route also runs past the former East Midlands Railway depot at Clamfiddich and through the village of Clacmore, which has become the site of an annual carnival.
The railway line is also set to bring a green glow to Clackmore, the village where the company is based, which is in the North East of England.