"After the Blitz there was a great 'the lights will go on in London again' moment and I think after the recent attacks it would be wonderful to do that again. We also haven't had a chance to mark the Olympics win properly so that will all be part of the celebrations.
"We have every kind of performer honoured this year, from a ballerina to comedians, actors, classical musicians and about six rock bands - as well as contemporary pop stars who are well-established.
"Next year we will do the same and again each year until, I hope, the stars are creeping down Covent Garden past all the theatres.
"It's about time London had something to rival the Hollywood Walk Of
Fame, given the wealth of performers we have had in this country."
The names have been picked by a committee including BBC chairman Michael Grade, writer Kay Mellor, composer Don Black and former ITV director of television David Liddiment. ITV - which is part-funding the project - is expected to screen future inaugurations.
Dame Edna, aka Barry Humphries, said: "St Paul's is one of my favourite places in little old London and I am hoping to be laid between Michael Caine and Sean Connery."