Cable car approved to link 2012 Olympic venues
Published
Apr. 18, 2011 9:30 a.m. ET
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A cable car across the River Thames could be built in time to take spectators between venues at next year's London Olympics.
Transport for London says construction will start this year. The company will pay the $82.2 million cost rather than wait to raise private funding in an effort to get the project finished before the July 27-Aug. 12 games.
As many as 2,500 people per hour will be able to make the .68-mile trip from the o2 Arena to the ExCel center in five minutes.
London Mayor Boris Johnson says it ''will provide a truly sublime bird's eye view.''
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The O2 on the south bank will host events including the gymnastics and basketball finals, while ExCel features seven Olympic events and six Paralympic sports.
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