"The award-winning London River Park design is now being submitted to the City of London Corporation for consideration.
It is being backed by private companies who have signed an agreement with Mayor of London Boris Johnson that would see 30% of revenues raised going to the public purse.
Mr Johnson, said: 'The sheer beauty and design brilliance of this structure will provide yet another amazing attraction for the capital.'"
The bridge would be approved for use during the Olympics, but could be granted permanent approval after the games.
