The rise in the number of commuters into London completing their journey to work by bicycle means that Waterloo Station will need space for 8,000 bikes to be parked in ten years' time, Transport for London has claimed.
In early 2012 the coalition Government claimed that the hub would open before the Olympic Games but the scheme failed to progress.
Last year former TfL boss Peter Hendy confirmed that a 'superhub' at Waterloo is back on the agenda.
This week TfL surface transport boss Leon Daniels revealed the anticipated scale of the demand for bike parking at the railway station.
"TfL's current Cycle Superhubs programme consists of six outer London hubs and one central London hub at Waterloo Station," wrote Mr Daniels in a report for TfL's surface transport panel.
"A demand analysis study for Waterloo Station has been completed which shows demand for up to 8,000 spaces by 2026.
"TfL is working closely with the Department for Transport and Network Rail to secure the space for the Superhub."
For the latest local news and events direct to your inbox every Monday, you need our weekly email newsletter SE1 Direct.
7,000+ locals read it every week. Can you afford to miss out?
Read the latest issue before signing up