One of these bridge designs will be built over the River Thames connecting Nine Elms to Pimlico.
The four proposals, for a pedestrian and cycle bridge, were whittled down from 74 designs by architects and engineers from across the world.
The competition panel considered feedback from more than 1,000 people who responded to public exhibitions, as well as technical assessments for each proposal.
The next stage of the competition will see the shortlisted teams develop their ideas into detailed designs.
The successful teams are:
Buro Happold Limited - with Marks Barfield Architects, J&L Gibbons Landscape Architects, Gardiner and Theobald
Bystrup Architecture Design and Engineering - with Robin Snell & Partners, Sven Ole Hansen ApS, Aarsleff and ÅF Lighting
Ove Arup & Partners Ltd - with AL_A, Gross Max, Equals Consulting and Movement Strategies
Ove Arup & Partners Ltd with - Hopkins Architects and Grant Associates
The council expects to announce the winning team in late autumn. Council leader Ravi Govindia, said: “The quality of the submissions went beyond our best expectations and the interest this competition has generated across London has been tremendous.”
Already, £26m has been committed to the £40m project through the development of Nine Elms and mayor Boris Johnson supports it.
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