The arena will host Handball during the Olympic Games and Goalball during the Paralympic Games. After the Olympic Games, the arena will become a multi-sports venue with the flexible seating capacity and facilities necessary to hold a wide range of indoor sports training and local to international competitions and events.

The design team, Make Architects with PTW and Ove Arup and Partners are currently progressing with concept designs for the arena.

ODA chief Executive David Higgins said: 'We are looking for a contractor to build a Handball Arena that enhances the experience for Handball and Goalball athletes during the London 2012 Games and leaves a lasting sporting and community legacy.

'The multi-sports legacy of the Handball Arena will cater for indoor sports ranging from Basketball and Handball to Badminton and Gymnastics boosting the sporting facilities provided in the legacy Olympic Park at the Velopark, Olympic Stadium, Aquatics Centre and Eton Manor complex.'

It is thought a design and build contractor will be appointed in early 2009 ready for construction to start around the middle of next year.