The Cabinet of Ministers will allocated 563.6 million UAH from the
State Budget for advance payments for Euro-2012 preparations,
according to the government resolution from 8 December 2009, Yulia Tymoshenko's official web-site reported.
According to the resolution, for the reconstruction of the
Olympiysky National Sports Complex in Kyiv will be allocated - 135.7
million UAH; construction of the stadium in Lviv - 50 million UAH;
preparation of Boryspil airport - 35 million UAH; preparation of Lviv
airport - 106.1 million UAH; preparation of Kharkiv airport - 70.8
million UAH; preparation of Donetsk airport - 119.8 million UAH; and
construction of the second section of the main canalization collector
in Kyiv (on the territory of the Olympiysky NSC) - 46.2 million UAH.
According to the document, the money will arrive on the accounts of
the administrators by December 20. The Ministry of Finance and State
Treasury are responsible for the distribution of funds.
"With regard to political risks in connection with the presidential
election in Ukraine, the government informed the leadership of UEFA,
Mr. Platini, in particular, that the government intends to adopt before
10 December a decision on advancing funds for the preparation of the
key infrastructure facilities for Euro-2012 in the first quarter of
2010," Vice Prime Minister Ivan Vasiunyk said at a press conference on
November 24.
The UEFA European Championship is the main football competition for
national teams. The tournament has been held every four years since
1960 between World Cup tournaments. It was originally called the UEFA
European Nations Cup and changed to the current name in 1968.
In 2000 Belgium and the Netherlands were the first two countries to co-host a tournament.
On April 18, 2007, UEFA announced that Euro-2012 would be hosted by
two countries – Poland and Ukraine. Croatia/Hungary and Italy had also
submitted bids to host the tournament.
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