Councillors are set to approve the terms of a £4m Government grant that will create a new transport hub and bus routes.
Rutland County Council secured the money to fund its Travel4Rutland project in July after an initial bid was rejected by the Department for Transport.
The full council now needs to formally accept the terms of the grant at a meeting at the council chamber in Catmose, Oakham, at 7pm on Monday.
Councillors will also decide whether to approve in principle the use of a compulsory purchase order to acquire land to build a transport interchange near Oakham railway station.
The council wants to incorporate cycle hire, bus stops and possibly a new car park in the interchange.
The Travel4Rutland project also includes new bus routes linking Rutland Water with Oakham and Uppingham.
And there are plans for a shuttle bus for workers between Melton Mowbray, Oakham, Stamford, South Luffenham, Uppingham and Corby.
Bus services would begin in April 2013, while the interchange would open in early 2015.