Last updated on April 20, 2014 at 17:20 EDT

IOC Gives Preliminary Go-Ahead for Ukraine’s 2022 Olympics Hosting Bid

August 2, 2012

KYIV, Ukraine, August 2, 2012 /PRNewswire/ –

The International Olympic Committee examined the documents Ukraine provided on the
Carpathian Mountains as a hosting location for the upcoming XXIV Olympic Winter Games in
2022. Preliminary conclusion of the committee is positive, informed the Prime Minister of
Ukraine Mykola Azarov after meeting the President of the IOC Jacques Rogge on July 27th -
at the opening ceremony of the London 2012 Summer Olympics.

According to Azarov, the IOC President noted Ukraine’s successful contribution to the
European Football Championship as its host in 2012, and considered such experience helpful
for producing a high quality application for hosting winter Olympics. While Olympic Games
is a larger event than EURO, Ukraine still has ten years to prepare, stated Rogge.

“Our Carpathians conform to the norms of [the IOC] for a Winter Olympics host,” said
Azarov. He added that Rogge encouraged Ukraine to place the bid for hosting Olympic Games
in 2022. Talking to the journalists, Ukrainian Prime Minister expressed hope that Ukraine
hosting Olympics would boost sports in Ukraine.

Ukraine started its preparations for hosting winter Games in late 2010. The country
launched a National Project Olympic Hope, aimed at preparing the country’s infrastructure
for the application requirements. The project’s estimated worth is USD 10 billion.

Throughout 2011 the government conducted analysis of available infrastructure,
assessed the necessary construction works, and determined the proportion of state and
private investment in the project. In 2012 detailed investment projects will be finalized,
while by mid-2014 Ukraine is set to be fully ready for the application for hosting XXIV
Olympic Winter Games. In 2015 the IOC will evaluate all applications, and start visiting
the potential hosting cities.

Ukrainian National Project Olympic Hope is set to create one of the largest ski
resorts in Eastern Europe and help develop tourism infrastructure in the region. The
project is also an attractive investment opportunity with the state financing Olympic
infrastructure while private investors will be awarded a chance to fund tourism

The western Ukrainian cities of Lviv, Slavske, Stryi, Trostian, Truskavets, Tysovets,
and Volovets have been identified as possible hosting locations for 2022 Winter Olympics.
Other cities that might compete for the right to host the competition include Denver,
Geneva, Montreal, and Zurich.

SOURCE Worldwide News Ukraine

Source: PR Newswire