World's largest Ferris Wheel set for New York

The Mayor of New York has unveiled plans to build the world's biggest Ferris Wheel.

The 625 foot tall wheel is part of a major redevelopment of the city's Staten Island waterfront.

Officials say the New York Wheel is expected to cost $230m (€178m) and carry 4.5m riders a year.

Officials hope construction will start in 2014 and be finished in 2015.