The Olympic Park Legacy Company (OPLC) has submitted plans for a new "world-class" VeloPark, which will see London provide some of the best cycling facilities in Europe.

A 1-mile (1.6km) road cycle circuit and around 5 miles (8km) of mountain bike trails are to be built around the existing Velodrome and BMX track as part of the Lee Valley VeloPark.

A series of loops to the west of the Velodrome and a large single loop to the east will feature as part of the road cycle circuit, which is to replace the old Eastway Cycle Circuit.

Meanwhile, the mountain bike trails will form a loop from the north-east corner. The Games-time BMX facilities will also be regraded as part of the proposals.

A design team comprising Hopkins Architects; Hargreaves Associates; LDA Design; Allies and Morrison; Atkins; and AECOM have drawn up the VeloPark vision.

The development will take place to the north of the Queen Elizabeth Olympic Park after the 2012 Games, with the proposals backed by British Cycling and Sport England.

Lee Valley Regional Park Authority (LVRPA) has also agreed the VeloPark plans and will own and operate the facilities following next summer's Olympic and Paralympic Games.

OPLC chief executive Andrew Altman said: "These top-class outdoor cycling facilities will add to the already impressive Velodrome to create a complete cycling complex that will appeal to a wider range of riders and spectators."

LVRPA chief executive Shaun Dawson added: "This is a significant step forwards for Lee Valley VeloPark which we are confident will become the finest hub for cycling in the world with four disciplines on offer to cyclists of all levels."

Details: www.legacycompany.co.uk