The project has three separate phases to the Wedlock, Dolman and Williams Stands.
Barr will start the work in July, which will see the existing Wedlock Stand demolished and completely rebuilt, with new conference facilities, administration offices, cafes and shops.
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Barr Managing Director Barclay Chalmers said: "Barr has a longstanding experience in stadia projects, having delivered over 50 schemes in the sector and we will bring all of this expertise to bear in our partnership with Bristol Sport.
"We are aware that the people of Bristol have waited a long time for this. We can’t wait to begin the transformation of Ashton Gate into a vital community facility as well as a modern stadium for top class football and rugby.
"Barr has a policy of working with local labour and local suppliers wherever possible and we look forward to engaging with the supply chain in the South West to explore the opportunities on this exciting project."
Bristol Sport is responsible for the management of the rebuild.
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