It will be the start of the first major strategic review of London's road network in decades.
The London Roads Task Force will look at how Transport for London and the boroughs could redesign gyratories and congestion blackspots, make journeys more reliable and safer.
It will also look at how the impact of traffic and pollution on local communities could be reduced.
An initial report will be prepared by November 2012 and the final report will be published in spring 2013.
With London's population expected to grow by 1.25 million people by 2031, there is a requirement to plan ahead.
TfL director of planning Michele Dix said: “London's roads are vital to movement around the city, with four out of every five trips in London made by road including almost 10 million car trips, over half a million cycle trips and around six million bus passenger journeys every day.
"There is a growing realisation of the importance of the quality of London's public spaces, for the competitiveness both of London's high streets and the capital's world renowned tourism and financial status.
“The Roads Task Force will look to make a real difference to the way we currently design, build and manage the capital's road network, ensuring it truly reflects the needs of all road users for decades to come.”
A questionnaire to submit comments on the road network is available at https://consultations.tfl.gov.uk/roads/taskforce/