Government approves preliminary feasibility study for Olympic Hope 2022 project

The Cabinet of Ministers has adopted a resolution to support a national project, entitled "Olympic Hope 2022: The Creation of Sports and Tourism Infrastructure," approving a preliminary feasibility study for the project submitted by the State Agency for Investment and National Projects.

The national project envisages measures that have to be taken to submit in 2014 for the International Olympic Committee (IOC) to bid to host the Winter Olympics in Ukraine in 2022, the government's press service reported on Monday.

In particular, Ukraine has to complete sports infrastructure in 2012-2021, including the Borzhava ski resort in Lviv region. It is also planned to build transport infrastructure, including airports, highways and railway facilities.

"The construction of accommodation infrastructure, including Olympic villages and an international media center, is also important," reads the statement.

The national project will be funded by private investors and from state and local budgets.

According to the government resolution, the Cabinet of Ministers should receive within a month proposals for the determination of a central executive government agency responsible for the coordination of activities on the preparation and support of the bid to the IOC for the right to stage Winter Olympic and Paralympic Games in 2022, as well as measures to be taken to prepare the infrastructure required for the games.

Germany's ProProjekt Planungsmanagement & Projektberatung GmbH (Germany) is the developer of the feasibility study for the project.