Saskatchewan's first premier, Walter Scott, is being honoured Wednesday with a bronze statue in front of the Legislative Building.

Premier Brad Wall unveiled the life-size statue at the north end of the Queen Elizabeth II Gardens, in Regina where the structure will stand. A section of Lakeshore Drive, north of Legislative Drive, has also been named Walter Scott Way.

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A bronze statue of Walter Scott will stand in front of the Legislative Building in Regina. (Tiffany Cassidy/CBC )

"Walter Scott was our first premier and a father of confederation," said Wall. "But I do not believe he has received the recognition he so richly deserves for his vision for Saskatchewan and for his great personal sacrifice and effort to build the foundation for this great province."

Scott, who served as premier for 11 years, chose Regina as the province's capital and oversaw the construction of the legislative building. He also played a role in the creation of the University of Saskatchewan in 1907.

He promoted the formation of the Saskatchewan Co-operative Elevator Company and established telephone service to farm families.

Kevin Doherty, minister responsible for the Provincial Capital Commission, said the statue is a way of acknowledging Scott's legacy following the 100th anniversary of the legislative building last year.

"This statue and interpretive panel will serve as a focal point for educating our growing population about our history as we look to the future," said Doherty.

The statue was created by Shirley and Don Begg of Cochrane, Alberta.