The scheme will see the station redeveloped on behalf of the London Legacy Development Corporation and completion is scheduled for January 2018.
Designed by architects Landolt Brown, features include a new entrance and ticket hall at ground floor with coloured concrete walls and illuminated glass. In addition, new stairs and two new lifts will be installed to improve access.
A new subway will be developed, running north to south beneath the existing railway line, to replace the existing footbridge and opening up new pedestrian and cycle links from Wallis Road through to White Post Lane.
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Both Tower Hamlets Council and Hackney Council have both contributed £1m towards the refurbishment of the station, which is expected to generate opportunities including new jobs, investment and 'affordable' housing.
Richard Schofield, Network Rail's route managing director for Anglia, said: "This is a complete transformation of an area that will provide a vital link for the community and businesses in Hackney Wick and support economic growth.
"This is being project managed by Network Rail as part of our Railway Upgrade Plan, with the funding provided by the GLA and the London Legacy Development Corporation."
Cllr Guy Nicholson added:" The redevelopment of Hackney Wick Overground station is a timely investment into an important public transport link for local residents and the local creative business community.
"The new Hackney Wick station is designed to meet the increasing numbers of rail users, it will have step free access and alongside the new station create a new public square.
"This investment has been possible only because of the collaborative joint venture between Hackney and Tower Hamlets Councils, the London Legacy Development Corporation, the Mayor of London, Network Rail and Transport for London."
(LM)
