The London Thames Gateway Development Corporation has shortlisted five parties to design the Lea River Park dubbed the ‘'Hyde Park’ of east London.

Agence Ter, Field Operations, Gardner Stewart Architects, Latz and Partners and PROAP were selected yesterday out of around 30 entrants

The teams will be competing to design the two mile Lea River Park in the Lower Lea Valley which will connect the Olympic Park from Stratford to the Thames at East India Dock Basin.

Over the next three years the corporation will invest £28m to drive forward the first phases of the new Lea River Park working with partners Design for London and the Lee Valley Regional Park Authority.

Peter Andrews, chief executive of LTGDC, said: 'The Lea River Park presents an exciting opportunity to create a truly innovative park that connects the communities of the Lea River and provides the desperately needed open space. The proposals from the consultants and their approach to the new park will define how the Lower Lea River Valley takes shape.

'The successful design tender will need to display a deep understanding of the nature of the Lower Lea Valley and the importance of regeneration to the area and the community.'

Andrews said the selection was based on experience in designing and delivering comparable new parks as a lead consultant and a 'compelling vision' for the Lea River Park along with approach to the project’s design and realisation.

The lead design consultant for the Lea River Park is expected to be appointed before the end of the year.

Drivers Jonas is project manager.