The Kiev municipal administration has started preparing for 19 competitions for the right to invest in construction and reconstruction projects.

This is stated in the relevant directives of the Kiev municipal administration, texts of which Ukrainian News obtained.

In particular, the Kiev municipal administration has started preparation for competitions for the right to invest in reconstruction of the Tarasa Shevchenka and Lybydska squares.

It has also started preparation for competitions for investment in construction of the following: an underground pedestrian crossing from a trading and exhibition center to the intersection of Tychyny Avenue and Shumska Street in the Dniprovskyi district, a yacht club with a berth for yachts at the Volkhovata boat yard in the Obolonskyi district in the section between Moskovskyi Avenue and the Petrovskyi railway bridge, a center for family recreation and a covered skating rink on Poryka Avenue in the Podilskyi district, and the second stage of the exit from the Darnytsia subway station over the Brovarskyi Avenue with in-built nonresidential space.

At the same time, the Kiev municipal administration has invalidated its 2006 directive on organization of competitions for investment in reconstruction of the Lybydska Square, construction of an underground crossing to the intersection of Tychyny Avenue and Shumska Street, and construction of the yacht club.

Moreover, the Kiev municipal administration has decided to implement investment projects involving comprehensive reconstruction of blocks in the DVS village (on the paired and unpaired sides of Dniprovodska Street) in the Obolonskyi district, construction of a residential building with built-in nonresidential space and parking space at 12, Zdolbunivska Street, a shopping and entertainment center at 16-a, Verbytskoho Street, in the Darnytskyi district, two-level parking lots at 5, Ozerna Street, in the Obolonskyi district, and at 4-a, Promyslova Street, in the Holosiivskyi district.

The Kiev municipal administration is also preparing investment projects involving reconstruction of blocks in the Darnytskyi district and construction of residential buildings there: between Rosiiska Street, Volho-Donska Street, Volho-Donskyi and Rudneva Alleys, as well as between Novodarnytska, Rosiiska, Illicha, and Yaltynska Streets.

Moreover, the Kiev municipal administration is preparing investment competitions for projects involving construction of covered space over the five open-air segments of the Sviatoshynsko-Brovarska subway line. These open-air segments are between the Lisova and Chernihivska, Chernihivska and Darnytsia, Darnytsia and Livoberezhna, Livoberezhna and Hidropark, and Hidropark and Dnipro subway stations.

These covered spaces will have pedestrian bridges, trading and office space, entertainment space, parking lots, and accompanying infrastructure.

The Kiev municipal administration has selected the Kyiv Investment Agency to place the relevant orders.

The agency will also perform pre-project work, draft approximate feasibility studies for the projects and submit them to the Kiev Town Planning Council for approval, and hold public hearings on the projects.

The agency has been directed to submit in May the relevant approved documents to the Kiev municipal administration's main department of economics and investment, which is to draft the conditions for the investment projects.

As Ukrainian News earlier reported, the Kiev municipal administration planned to organize competitions for the right to implement nine investment projects with a total cost of UAH 1.548 billion in 2006, but it cancelled six of the investment projects in July 2006.

The source: Ukraine Real Estate Market