It was designed by Whitby Bird and Partners, and built at a cost of £1.8m to commemorate the millennium of 2000.
The bridge forms a "Y"-shape in plan to connect one bank both to a viaduct and adjacent quay.
Its double pylon seeks to act as a reminder of the masted ships which previously used the quay.
The bridge is part of the National Cycle Network and connects multiple local cyclepaths together, including the one to Morecambe, the one to Caton and the one to Glasson Dock.
Its location is culturally significant as the near-approximate site of the historic Old Loyne Bridge.