Officials to Invite Investors for Mixed-use Project in Harkov

According to the preliminary design of the project, officials in Harkov, Ukraine, intend to attract USD 580 mln finance for implementation of a mixed-use complex, called Metalist - City, Ukrainian News reports. The ensemble is to be built on the territory of a group of city quarters, which surround Metallist Stadium, where matches in the final phase of European football championship in 2012 will be conducted. The zone to be reconstructed totals about 42 ha, where buildings and installations with a total area of 1.06 mln sq. m will be constructed. The USD 102.3 mln residential section occupies 186,000 sq. m, the USD 196.8 mln commercial and entertainment zone totals 226,000 sq. m, the USD 127.6 mln office spaces are to reach 146,700 sq. m, while the USD 49.1 mln hotel section will cover about 49,100 sq. m. Construction on sports units and equipment of parking lots for 22,000 cars is also projected. All buildings and installations will be used long after the final of Euro-2012.
   At the October 3session, this year, Harkov City Council approved the program concept on preparin and conducting matches in the final phase of the European football championship in 2012 in Harkov. The concept foresees reconstruction of the Metallist Stadium and construction of new training fields as well as the Metallist City project.