AFP

NEW YORK-New York City has given final approval to a $320 million project to build the world’s tallest Ferris wheel, expected to pull in four million visitors a year.

Developers say the 630-foot (192-meter) wheel will offer incredible views across the Manhattan skyline, the Statue of Liberty, Brooklyn and New York Harbor.

Inspired by the roaring success of the London Eye on the Thames and the current record holder in Singapore, work on the wheel is set to begin in the new year.

Earmarked to open in 2016, it will be able to carry 1,440 people in 36 capsules on a 38-minute breathtaking journey curving up into the sky and down.

It will be built on the northeastern shore of Staten Island, the most neglected of New York’s five boroughs, as part of an overall $580 million regeneration project.