The Olympic Delivery Authority (ODA) said it was working with leading contractors, architects and track designers – as well as Olympic gold medallist Chris Hoy – to make the velodrome the fastest track ever.

Built on the site of a former tip in West Ham, the project will cost £105m.

ODA chair, John Armitt, said: “The success of our cyclists in Beijing and the growing popularity of cycling in the UK will help give us real momentum as we start construction work on the 2012 velodrome.

“The velodrome is the third sports venue on Olympic Park under construction and together with the wider cycling facilities to be built after the Games, this will be another world-class new venue for London.”

The venue was designed by Hopkins Architects and is being built by ISG.

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