The invention provides an operation platform for replacing radial gate side water stop rubber and a construction method thereof.The operation platform comprises positioning channel steel, the positioning channel steel is provided with fixing channel steel, the fixing channel steel is provided with a plurality of supporting channel steel, one ends of the supporting channel steel are connected with the fixing channel steel, and the other ends of the supporting channel steel are provided with adjusting channel steel; a lifting device capable of sliding up and down is arranged on the supporting channel steel, and a telescopic elevator is arranged on the lifting device. Workers are prevented from replacing the side water stop rubber in the hanging basket, the personnel safety is ensured, the working difficulty is reduced, large hoisting equipment is prevented from being occupied for a long time, and the cost is saved. The lifting device enlarges the overhaul range, is quick to disassemble and assemble, simple in structure, high in practicability, low in investment, single in material selection of machined parts, capable of replacing a certain damaged connecting part, and capable of reducing cost by using a U-shaped bolt, the lead screw can be suitable for the radial gate, potential safety hazards caused by shaking during overhaul can be avoided, and the service life of the radial gate is prolonged. Damage caused by friction between the adjusting channel steel and the gate can be eliminated.