You're reading: Investors to spend $1 billion in Bukovel skiing infrastructure development for 2022 Olympics

Ivano-Frankivsk, March 3 (Interfax-Ukraine) – Investors in the Bukovel ski resort (Polianytsia, Yaremche district, Ivano-Frankivsk region) are ready to spend around $1 billion on the development of skiing infrastructure if Ukraine wins the right to host the 2022 Winter Olympics.

"As for the skiing infrastructure in general – I’m not talking about the main ice rinks – we’re ready to spend around $1 billion in private investments in the development of Ukraine’s Olympic future in the next ten years," Director of the Bukovel Complex Oleksandr Shevchenko said during a press conference on a visiting meeting of the parliamentary committee on family, youth policy and sports on March 2.

"I mean, we’re ready to construct everything with our funds at the Bukovel tourist complex in Ivano-Frankivsk region, depending on which infrastructure facilities are interesting to us and which infrastructure facilities would be close to Bukovel," he added.

Shevchenko noted that investors would annually invest at least $20-30 million in the complex’s infrastructure, whether Ukraine wins the right to host the 2022 Olympics or not.

He also said that $375 million has been invested in Bukovel and added that the complex had the fastest development rate in the world today.

As reported, the International Olympic Committee is to visit Ivano-Frankivsk region on March 3-4 to evaluate the region’s chances of hosting the 2022 Winter Olympics.

Skorzonera Ltd. launched construction of Bukovel in 2000.

The company is a subsidiary of the Privat Group (Dnipropetrovsk).