Well dear readers, Ms Tymoshenko wishes to open a criminal investigation into the current government over the costs of the construction of the the Olmpiysky Stadium in Kyiv for the 2012 Euro football tournament.
“I think that I will bring a statement about another crime, which is being committed in Ukraine, to the next examination,” she said on Monday after questioning at the Prosecutor General’s Office.
Tymoshenko explained that the matter concerns doubling the cost of the construction of the Olympiysky national sports complex for the Euro 2012 European Football Championship.
She noted that the previous government allocated about Hr 2.144 billion for the stadium construction. “The cost has been changed and now it is Hr 4.5 billion”, Tymoshenko said.
Let us look at the costs of recent stadium builds.
We will work on UAH 8 = $1.00 or UAH 12.2 = £1.00 which is close enough for comparison.
Therefore her government decided that UAH 2.144 billion…..or £175 million……or $268 million……was enough for the new sports complex?
So, recent stadiums…….. Wembley Stadium £757 million……or $1 billion……..or UAH 9.2 billion.
Staying in Ukraine, the Donbass Stadium in Donetsk cost $400 million…….or UAH 3.2 billion.
I have no idea where Ms Tymoshenko’s government got their figures from but for $268 million there is no way that amount of money would produce a world class stadium/sports complex in Kyiv, particularly considering this is not a straight build but required demolition in the costs as well.
Obviously their estimators/quantity surveyors from whom they took “advice” have absolutely no clue, even if they worked from a matrix system, of how to cost. I quick flick through the Internet shows how far off $269 million would be in most nations when it comes to delivering something worth while.
Considering the apparent prestige holding the Euro 2012 football tournament may give Ukraine, if it happens successfully, and considering it was her government that submitted a joint bid to host it with Poland, the production of a safe and quality stadium experience for the visiting international community (which FIFA will have concerns over quite rightly) will not be produced on the budgeted figures her government allocated……as is clear in Donetsk and London in recent years.
I’m not sure this would be the best stick to hit back at the current government as it has just as much chance of showing ineptitude of her government than the corruption of this one .