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Six Times, as the installation is called, will place six cast-iron sculptures, created from molds of the artist's body, in key points between the Scottish National Gallery of Modern Art and the riverfront as well as along it. The first will be located in the gallery itself, and will be buried up to its neck; the last will stand on the end of a pier near the royal yacht Britannia. Each figure's glance will be tilted further toward the sky.

Expected to cost roughly £250,000 ($344,900), the project is being partly funded by the National Galleries of Scotland.

"The work is being made, and we have the money," said Gormley. "The body forms will punctuate the flow of the river: The idea is to connect different pieces of Edinburgh with these iron figures."