A red light speed camera will be installed on Captain Cook Drive, Woolooware, outside the Sharks development.
The camera, at the intersection of Foreshore Boulevarde, will be just 800 metres from an existing speed camera eastbound on Captain Cook Drive, which will be retained.
Roads and Maritime Services expects the new camera will be operating by the end of April, weather permitting.
It will capture images of vehicles travelling in both directions.
New signs to alert motorists to the camera and new mast arms will be installed to make the traffic lights more visible on approach on Captain Cook Drive.
Red light speed cameras not only capture offences when vehicles run a red light, but also when vehicles exceed the speed limit – whether the traffic light is red, amber or green.
Cronulla MP and Attorney-General Mark Speakman said the installation would improve safety for pedestrians, motorists and cyclists.
"I lobbied for the new camera location after residents in the new Woolooware Bay development raised safety concerns," he said.
A representative of Woolooware Bay Town Centre residents, Scott Carson, said they applauded the decision.
"There have been several incidents involving residents at this intersection," he said.
"This initiative will reduce the number of incidents and provide a safer crossing for residents, visitors and local sporting club participants.”
Mr Speakman said the state government’s latest review of speed cameras revealed a 35 per cent reduction in serious injuries at red light speed camera locations, including a 49 per cent reduction in pedestrian casualties.