Proposals to reverse the traffic flow along Priory Street have been dropped following public consultation.
The plans had aimed to reduce traffic congestion in the town centre and help support access to local amenities.
Two public information events were held in the town with residents overwhelmingly rejecting the proposals.
Cllr Kevin Bentley, Essex County Council Deputy Leader and Cabinet Member for Economic Growth & Infrastructure, said: “We are currently in the middle of large scale infrastructure improvements across Colchester and are keen to explore all options available to improve transport links for residents and visitors to the town.
“The public gave us a clear steer against any changes to the current one-way set up on Priory Street and we are more than happy to listen.
“I would like to thank everyone who took time out of their day to give us their views on this scheme.
“It is vital the public engage with events such as these to ensure we continue to build a road system that works for everyone.”
Essex County Council had also previously consulted on proposals to remove the pedestrian crossings on North Hill and High Street.
After considering the response received, and in conjunction with reviewing the operation of Park and Ride since its opening, the decision has been taken to retain the crossings as they are at present.