A cable car crossing the river Thames, linking the O2 Arena to the ExCel Exhibition Centre, is being planned for the 2012 Olympics.
London Mayor Boris Johnson has revealed that a period of public consultation will take place until 2nd August, with a planning application due next year.
The £25m project would be privately funded and is inspired by cable cars in New York, Singapore and Barcelona.
The cable car would travel at a height of more than 50 metres and would enable 2,500 people to make the five-minute crossing per hour.
‘A cable car spanning the majestic Thames would not only provide a unique and pioneering addition to London’s skyline, but also offer a serene and joyful journey across the river,’ said Johnson.
Added Johnson: ‘It would also provide a much-needed enhancement of cross river options to the east of the city.’
Discussions are reportedly ongoing with a number of private sector organisations that are interested in the project.
The O2 Arena and the ExCel centre will both be venues for Olympic sport.