The Government assigned UAH 420 million for the restoration of the Mariinskyi palace, 3 times more than the preliminary cost of the project.
Mariinskyi palace will be the President’s residence. This idea was proposed by Viktor Yushchenko in 2005. And only yesterday the Government breathed new life in this project.
According to the previous plan, the capital reconstruction of the palace, which is 260 years old, was to cost UAH173 million. This amount was approved by the Cabinet of Yanukovych in 2003. The present Cabinet of Tymoshenko revised the estimate at UAH 420 million. The increasing estimate of costs is connected with the growth of prices for construction materials.
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