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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