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The four-day long celebration - which is scheduled to take place between 2 and 5 June 2022 - has a budget of between £10 and £15 million ($13m to $20m).
A 'Platinum Pageant' is planned for the final day which is expected to showcase the story of the Queen's reign since 1952.
There are reportedly set to be performances from the greats including a possible line up including Elton John and Stevie Wonder.
According to the Mirror, dragons the size of London buses could be constructed and military and NHS heroes will come together.
Basically, it's not one to miss out on.
Nicholas Coleridge, a co-chair of the pageant and chairman of the Victoria & Albert Museum, said that over 6,500 street performers are due to take part in a street parade.
The spectacle could run through Westminster, under Admiralty Arch, down the Mall, past Buckingham Palace and up past Constitution Hill, with people far and wide taking part.
Mr Coleridge spoke at the Conservative Party conference in Manchester where he said that the event will be larger than the celebrations during Queen Victoria's Diamond Jubilee in 1897.
He said: "It's going to be the largest that's ever put on, larger we think even than that that was put on for Queen Victoria.
"It's not going to be London-centric. We even have a giant map, making sure that we have people from every part of our country and indeed every part of the Commonwealth.
"We're going to have people from all 54 Commonwealth countries who are going to be taking part in this astounding parade."
On 6 February 2022, the Queen will have reigned as monarch for 70 years - the first time a British sovereign will have been on the throne for seven decades.
Throughout the year, the Queen and members of the monarchy will travel around the country carrying out a range of royal events to mark the historic milestone, culminating with the Platinum Jubilee Weekend.
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