The judges were "inspired" by the simple ring design which came top out of 100 other designs in the RIBA international competition.
The judges were looking for a bridge that would be a "pleasure to cross, that responds to the local landscape, is deliverable, and beautiful to look at".
The bridge will provide a route over the A630 Sheffield Parkway, a busy dual carriageway which links the heart of Sheffield City Centre with the M1 motorway.
It will be built jointly by Sheffield and Rotherham Councils on the border of the two authorities, near Tinsley Golf Course, paid for by Yorkshire Forward.
Work to build the £2M bridge will begin this autumn with completion for summer 2009.