The bridge which joins Sunday's Well on the northside, to Fitzgerald's Park in the Mardyke area on the south was dismantled in four sections and transported to a workshop for repair back in September.
Since then, the bridge has had its first clean and the city council has stated that repair works are due to be completed by Christmas.
The overall project has a projected completion time of Easter 2020 and will cost an estimated €1.7m.
The work is being done by L&M Keating Ltd in conjunction with a design and construction team including RPS Consulting Engineers, JCA Conservation Architects, Corrosion Solutions and Inspection Services, and city council staff.
Repair work is still to be completed on the lattice towers at either end of the bridge as well as additional work such as replacing the suspension cables which are being manufactured in Italy, as well as the installation of new public lighting to approach the ramps and bridge structure.
It is intended to return the bridge to site in sections as previously removed and re-erect as per the dismantling process in reverse.
Dismantling the bridge for repair off-site under factory conditions is considered best practice and has been undertaken successfully on a number of similar bridge schemes across Europe.
The Shakey Bridge is unique in Ireland as the only surviving pedestrian suspension bridge of its type and age.