A track for Formula 1 will be built in nearby Kyiv in two years and there is already an investor for the project, Kyiv region governor Anatoliy Prysiazhniuk told reporters Wednesday, UKRINFORM reported.

Now, according to him, the track undergoes an expert assessment in Europe, and it is authored by Hermann Tilke - the creator and designer of many international motor racing tracks, including the Russian Formula 1 track to be built in Sochi.

In addition to a racing ring near Kyiv the project also envisages all the necessary infrastructure for international competitions.

Track construction is scheduled to begin in 2011, and the volume of investment in this project is estimated at UAH 1 billion (USD 1 - UAH 7.96).

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