Kyiv region is planning to build an international track for the Formula 1 race, Head of Kyiv Regional State Administration Anatoliy Prysiazhniuk has said.
"We will build an international track in the Polissia and Ivankiv districts in order to host international competitions," he said at a press conference on Tuesday.
Prysiazhniuk said that an investor was ready to build the track, but he declined to name him.
"I saw the project, and experts from Europe assessed it. The project was drafted by a person from Denmark who built the tracks in the [United Arab] Emirates, Singapore and other countries. The track will meet all modern requirements," he said.
Prysiazhniuk said that the investor planned to construct not only a 5.2-kilometer-long motor racing circuit, but also respective infrastructure, in particular, access roads, spectator stands and hotels.
He said that around $1 billion would be attracted as investment in the construction of the track.
"I've set the condition - the project should be implemented in at most two years," Prysiazhniuk said, adding that construction work will begin in 2011.
Kyiv Regional State Administration has already set up a working group that deals with design approvals. Prysiazhniuk said that the decision to allocate around 100 hectares for the implementation of the project had already been taken. KyivPost