Police in Copenhagen are hailing the efforts of two Copenhagen men for saving the lives of four people after a taxi wound up in one of Copenhagen’s Lakes early Friday morning.

The taxi came to rest in two metres of water when, according to police reports, two men jumped into the water to rescue the taxi’s three passengers and its driver.

The accident occurred when the taxi swerved to avoid a bicyclist crossing against a red light at the junction of Østersøgade and Webersgade roads, near the Fredensbro bridge.

After careening through a utility meter on the shoulder of the road, the taxi continued over the edge of the lake before coming to rest 10 metres out into the water.

The taxi was completely immersed, according to police, and the passengers would have drowned had they not been able to get out of the vehicle.

“The two [men] jumped into action, hopped into the water and pulled everyone out,” Kim Nicholsen, of the Copenhagen Police, told the media.

Officers on the scene said the two men should be recommended for a reward for their actions.

“What they did was commendable,” Nicholsen said.

No-one was injured in the accident, and police divers have examined the area around the car to ensure that no pedestrians were hit in the collision and trapped under the vehicle.

Police said initial reports indicated that the driver of the taxi was sober and that he was not speeding at the time of the accident.