The New York City will sponsor an exhibition of four waterfalls that will be placed for three months on the East River between Manhattan and Brooklyn.

After “The Gates” project turned out to be such an artistic success, the city decided to commission Olafur Elisasson, a Scandinavian artist, to build the waterfalls in four different locations along the river.

The project represents the collaboration between the city and the Public Art Fund, which is a non profit organization.

The waterfalls will be placed in New York Harbor in Lower Manhattan at Pier 35, in Brooklyn at the Brooklyn Bridge between Piers 4 and 5 and in Governors Island, the New York Times reports.

The project is estimated to cost around $15 million and is from private funds only.

According to the Economic Development Corporation, the waterfalls, which will be environmental friendly, will bring to the city’s economy about $ 50 million.

According to the city, the aquatic life will remain protected by pools in the river which will be used to filter the water.

The project will need to raise platforms at about 90 to 120 feet high in the water and will use pumps to force the water to rise and then fall back in the river.

Today Mayor Michael Bloomberg is expected to announce the project, which was announced since yesterday in The New York Sun.

“The Gates” project, which was erected by the Bulgarian artist Christo and his wife three years ago, brought to the city’s economy about $254 million, having an estimated 4 million visitors from February 12 to 27 2005, Newsday.com informs.

Eliasson was born in Denmark in 1967 and is known for his works which depict elements of nature.

One of his pieces, “The weather project,” is at the Tate Modern in London, in which he used elements like light and reflection to depict the sun and the sky.

The waterfalls will be admired from mid-July to mid-October, every day from 7 a.m. to 10 p.m. After the sunset it will be illuminated and will be seen from land and boat.