By Enda Brady, Sky News Correspondent
Boris Johnson has unveiled a shortlist of three locations on which a new London airport will be built.
He put forward his outer Thames Estuary, artificial island plan - dubbed "Boris Island" - for a new four-runway hub airport in a report published on Monday.
He also said that a new, four-runway airport on the Isle of Grain on the Hoo Peninsula in Kent - a plan already outlined by architect Lord Foster - should be considered and was his first choice.
And Mr Johnson's third proposal for a four-runway hub would be at Stansted in Essex, where the existing airport would be expanded.
Mr Johnson's plans, which rule out expansion at Heathrow airport in west London, will be submitted later this week to the Government-appointed Airport Commission headed by Sir Howard Davies.
A list of 20 options were whittled down to the final three.
Mr Johnson said that a new hub airport would be able to support more than 375,000 new jobs by 2050 and add £742bn to the value of goods and services produced in the UK.
He said a new hub airport could be delivered by 2029, with a hybrid bill being passed by parliament to secure approval for the airport, the surface access and the acquisition of Heathrow.
He also wants to shut Heathrow at a cost of £15bn and create a new London borough for 250,000 residents, with housing and a university.
"This is a global race and we can still win it," Mr Johnson told reporters as he unveiled the plans at City Hall.
"Ambitious cities all over the world are stealing a march on us and putting themselves in a position to eat London's breakfast, lunch and dinner by constructing major airports that plug them directly into the global supply chains that we need to be part of.
"Those cities have moved heaven and earth to locate their airports away from major centres of population in areas where they have been able to build airports with four runways or more."
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