London Plans Cable-Car System Spanning River Thames in Time for Olympics

London’s transport authority plans to build a cable car system spanning the River Thames that may be ready in time for the city’s Olympic Games in 2012.

The project’s cost is an estimated 25 million pounds ($38 million) and would be capable of carrying as many as 2,500 passengers between Greenwich Peninsula and the Royal Docks every hour, Transport for London said in an e-mailed statement today.

“Passengers would be able to drink in the truly spectacular views of the Olympic Park and iconic London landmarks,” Boris Johnson, the city’s mayor, said in the statement. “It would also provide a much needed enhancement of cross river options to the east of the city.”

Cars departing at 30-second intervals would take five minutes to ferry passengers between the O2 and ExCeL Olympic venues, and travel at a height of about 50 metres (164 feet).

The consultation process for the project, to be financed by private investment, opens tomorrow and closes Aug. 2, according to Transport for London.

To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.net

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