India, Pakistan, Sri Lanka and Bangladesh will share the 2011 World Cup after beating opposition from a joint Australia-New Zealand bid and in 2015 the World cup will be held in Australia & New Zealand.

England will host the 2019 Cricket World Cup and the second Twenty20 World Championship in 2009. English authorities were told last month they could hold the 2019 event if they pulled out of the race for 2015.

An invitational Twenty20 tournament was planned for 2007 but it as all 12 teams agreed to play in South Africa it will be the inaugural Twenty20 World Championship.

"We entered into this process with the goal of being awarded a Twenty20 event and a World Cup," England and Wales Cricket Board chairman David Morgan  said.

"It is great news for cricket in England and Wales that these two major events have been secured. We have a wonderful opportunity to build our international calendar around these showpiece occasions."

The joint Asian bid won the vote on 2011 by 10 votes to three even though, under the traditional ICC rotation, it was Australasia's turn to hold the event.

The Asian bid was also submitted late, the four countries having been granted an extension to 21 April to present their case to the ICC after failing to meet the first deadline in March.

Officials from India, Pakistan, Sri Lanka and Bangladesh admitted there is work to do over the next five years.

"We did a great job. The four countries put together an impressive presentation and we got 10 out of 13 votes," said Lalit Modi of the Indian cricket board.

"We are looking forward to it. A lot of work has to go in.

"A lot of infrastructure needs to be put in place. We are mentally geared up for it. We will do the task at hand."

Australia and New Zealand shared World Cup matches between them the last time the event took place Down Under in 1992, with Pakistan winning the final in Melbourne.

New Zealand and Australia were dismayed to miss out on the 2011 World Cup but welcomed the 2015 event.

"I believe our joint 2011 bid was of the highest possible standard so I am naturally disappointed that we were unsuccessful," said New Zealand Cricket chief Martin Snedden.

"The 2015 Cricket World Cup will be a great event for Australasia.

"We have the infrastructure and capability and while 2015 may sound a long way off planning will soon begin."

England hosted the first three World Cup tournaments in 1975, '79 and '83 and the event returned in 1999 when it was won by Australia.

The decisions still need to be rubber-stamped by the International Cricket Council annual conference in July.