The invention relates to a red mud curing agent for paving a road and a preparation method of the red mud curing agent. The red mud curing agent is made of silicon oxide, aluminum oxide, calcium oxide, industrial byproduct alkali residue, tetrahydrophthalic anhydride and ethylene glycol double trimellitic anhydride ester. According to the preparation method, the active matters, such as silicon oxide, aluminum oxide and calcium oxide, are mixed; the active constituents of the matters are matched with one another, thereby obtaining curing agent and red mud; after being stirred, the curing agent and the red mud are subjected to ion exchange under the catalysis of concentrated material, thereby boosting the coagulation of red mud particles; and meanwhile, the red mud is coagulated and hardened, under the hydration reaction of a gelled material in the curing agent; the red mud has higher working strength within a short period of time; and the exosmose of heavy metal, radioactive elements and the like, is avoided. The red mud curing agent prepared by the preparation method disclosed by the invention is used together with red mud for paving the road. Compared with the prior art, the red mud curing agent has the advantages of high strength, excellent plate property, high durability, excellent water stability, excellent frost and melt resistance, excellent air shrinkage resistance, and the like.