Reportedly, to celebrate London 2012 Olympic Games, Tower Bridge wil be decorated with a new state-of-the-art lighting system following a deal that includes Olympic sponsors, GE and EDF.

A new LED-based lighting system will replace the current flood lighting system under a deal between City Hall, the City of London Corporation, EDF and GE.

As part of the deal EDF, who are the sustainability partners of London 2012 and a Tier One sponsor, will become the lighting electricity supplier for the Bridge and has agreed to match every unit of electricity supplied to the Bridge with power generated from low carbon sources.

If given planning permission, the lighting design will feature LEDs and a new cabling system from GE to enhance the listed building's striking features. With LED technology, the city will reduce the energy consumption of the existing lighting system by an estimated average of 40 per cent.

The project must now undergo planning permissions from Southwark Council and Tower Hamlets Council but if successful would result in the work starting by September 2011 to be completed by spring 2012 in time for the Olympics and Paralympics.

All relevant parties have signed commercial agreements and a detailed planning application is being drawn up.