The new wing of the museum Tate Modern in London will open in a first phase next year, in time for the Cultural Olympiad celebrating the 2012 Games. Inauguration of the first phase coincides with the 2012 London Festival, which takes place between 21 July and 9 September and will be a focus point of the Cultural Olympiad, artistic performance during the Olympics.

Tate Modern has already collected 70% of the £245 million needed to complete the project, said Lord John Browne, chairman of the fund which manages the museum. In the first phase will be open to the public in the past two circular areas were oil tanks of a former power plant. The space created in these two reservoirs is huge, so here there will be large exhibitions and events can take place even artistic. In the end, we would expect for a new 11-storey building on the gallery's southwest corner, to be completed in 2016.

British National Gallery of international modern art, or short, Tate Modern, was founded in 2000 on the south bank of the River Thames, opposite St. Paul's Cathedral and it is supposed to be the most popular museum of modern art in the world. In the 11 years of existence, it extended its massive gallery art collection by purchasing several new works.

The gallery originally expected in about 2 million tourists a year but it currently welcomes a number of about 5 million visitors annually. The new wing, designed by Swiss architects Herzog and De Meuron of the current building will be connected to the main building by 3 levels. When work will be completed in 2016, Tate Modern will have 70% more space for exhibitions, cultural events as well as new gardens and a terrace where you can enjoy spectacular panoramic views of the River Thames.