The Village would be located in the Pleyel area, a 50 hectares site next to France's most famous stretch of water in the popular district of Seine-Saint-Denis.

Officials claimed 84 per cent of the athletes will be able to reach their competition venues in less than 25 minutes because the Stade de France, which will be the Olympic Stadium, and the panned Saint-Denis Aquatics Centre would be within 1.2 miles of the proposed Village.

The selection of Pleyel also means that there is space and capacity to build the Media Village nearby, Paris 2024 revealed. 

Construction work on both the Villages is expected to cost €1.7 billion (£1.2 billion/$1.8 billion).

The integration of the river environment into the Olympic Village plan as a recreational space, and the proximity of heritage buildings such as the City of Cinema and the renovated Maxwell Hall, will provide athletes with a unique, relaxing and distinctive atmosphere, it is claimed.

In addition to its culture and heritage, the Olympic Village will offer nearly 500 training venues located less than 30 minutes away, Paris 2024 promised. 

''The Olympic Village must welcome the athletes and provide the best possible conditions as they are the most essential component of the Games and the ones who make the magic of the games happen,'' said Tony Estanguet, the three-time canoeing gold medalist, who is Co-President of Paris 2024. 

''The chosen location for the Paris Olympic Village delivers on all of these fronts.''

The Pleyel area was chosen over two other proposed sites: Dugny-Le Bourget and Pantin.

Paris is also planning to build new public transport infrastructure to make the Olympic Village more accessible, it is claimed. 

The future Saint-Denis Pleyel Station and its Grand Paris Express lines, as well as the existing Stade de France - Saint-Denis station and Carrefour Pleyel station, will form a major transport hub of the metropolis that will fully serve the Olympic Village location.

The road access will be equally comprehensive due to the close proximity of the A1 and A86 express ways and a specially constructed new road interchange – making the Olympic Village approximately 20 minutes away from the city centre by car, it is estimated.

Following the Olympics and Paralympics, it is planned the Village will be converted into a new "Eco City" with 5,000 homes for local people,, with new jobs also expected in an area where unemployment rate remains high.

Paris Mayor Anne Hidalgo claimed that having the Village located across three cities of Seine-Saint-Denis - Saint-Denis, Saint-Ouen and L'Ile-Saint-Denis - will help dramatically improve the district.

''The transformation of this area of Paris is already underway and the Games will accelerate the regeneration of this young, dynamic and creative district,'' she said.

''It is very close from the centre of the capital and yet too many of its inhabitants have been left aside in the past.''

The site is different to the one proposed if Paris' bid to host the 2012 Olympics and Paralympics had been successful.

Then the Village would have been placed in the north-west of Paris, in the the 17th arrondissement on an industrial wasteland belonging to the SNCF, France's national state-owned railway company.

Paris is one of five bidders for the 2024 Olympics and Paralympics, along with Budapest, Hamburg, Paris and Rome. 

The International Olympic Committee is due to choose a host city at its Session in Lima in 2017. 

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