August will see a new two-day cycling event in the capital following the success of the London 2012 Olympic Games.
The festival is already attracting strong interest from people wanting to get involved, with registrations to take part in the races more than double expected forecasts.
RideLondon will take place for the first time on August 3rd this year and is being organised by the London & Surrey Cycling Partnership.
As many as 200,000 people could be involved in the festival and it will include a family fun ride around some of London's most famous landmarks.
There will also be an elite race that will start at the Queen Elizabeth Olympic Park and will follow a similar route to the London 2012 road race course.
It is predicted that the weekend festival could attract many visitors from outside the capital, lead to a major boost in cycling numbers and generate tens of millions of pounds in economic benefit.
Hugh Brasher from the London and Surrey Cycling Partnership said: "We are ecstatic with the response we have had for the first year of this iconic event. RideLondon-Surrey 100 is destined to do for cycling what the London Marathon did for running in the 80s and take it to a new level.
"People have been inspired by the thought of riding the route made famous by the London 2012 Games and have been signing up in record numbers."
Anyone planning to visit the city to take part or watch the bike festival is advised to book their central London hotels as soon as possible.