The two will join Countryside Properties on the panel of developers, with Modus as a reserve.

The project involves building up to 10,000 new homes and two improved town centres.

Nicolas Guerin, development director for Bouygues, said: We're looking forward to being part of the team that's bringing this fantastic project to fruition.

Were certain that the local community will quickly see the benefits of the regeneration which will bring, not only jobs, but also a new energy and places to live. It's great that we can bring our expertise and experience to help achieve that.

The council is working in partnership with London Thames Gateway Development Corporation to radically transform the area into a thriving place of choice for both existing and new residents and businesses.

Mayor of Newham, Sir Robin Wales, said: "We now have a strong panel of developers in place to help us meet our objectives in providing quality homes for local people and viable town centres."

Future development phases, as identified in the Canning Town and Custom House Masterplan, will be tendered to the developer panel.

The approval of the new consortia will enable the development of the next phase in Canning Town and Custom House.

Progress to date includes Countryside developing an area around Fife Road. In addition, designs are currently being developed for the Rathbone Market site.

Planning applications for these projects are due to be submitted sometime this year.