Earthworks are set to begin on opening the westbound lane of Lakeside Rd, the lane closest to the lake, but there is still no timeline for when that would happen.
In a statement, the Queenstown Lakes District Council said it has approved a plan from the developers of the Marina Terrace Apartments, to clear the slip from the road.
A channel will be created on the eastbound land and a temporary retaining concrete wall built through it.
Workers will then start clearing the mud and debris from the westbound lane so it could be reopened.
QLDC communications manager Naell Crosby-Roe said the council was not provided with a confirmed timeline for when the lane would be reopened as it was subject to the developers' progress.
Council contractors Opus International have independently assessed the developers' plans for the removal of the slip and were satisfied the removal process could start.
If any movement from the site of the slip was detected during its removal the work would immediately stop, Mr Crosby-Roe said.
The council would continue update the situation as more details became available.