The new 1.1-kilometer (0.68 miles) route will link the Greenwich Peninsula next to the O2 Arena with the Royal Docks on the north bank of the Thames and will cost an estimated £40 million ($65 million)... Transport for London (TfL) are hoping that building work on what will be the first urban transport system of its kind in the UK will be completed in time for the opening of the London 2012 Olympics on July 27. — Matthew Knight, CNN
The line is expected to take 2,500 per hour 300 feet above the River Thames with an a trip lasting just 5 minutes. Design by Wilkinson Eyre, of Gateshead Bridge and Guangzhou International Finance Centre fame, will be constructed by Mace, who's known for projects such as the London Eye and the Shard.
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