The Eye will receive a "minor visual facelift" and be equipped with both better heating and an "advanced capsule" with wi-fi and ceiling mounted screens.
The programme commences this summer to be completed in time for the London 2012 Olympics, and will not interrupt normal operation of the attraction.
As each capsule is removed, it will travel down the Thames to Silvertown in London's docklands where it will be loaded onto a truck and transported to a workshop in Worcester to be upgraded before returning to the London Eye.
A non-operational capsule will take position on the London Eye until the final capsule is returned. This project will serve to reduce downtime and maintenance on the London Eye, though it will continue to close for a short period in January to perform routine maintenance.
To leave a comment register and let us know your thoughts.