As reported by Censor.NET citing Ukrainski Novyny, Minister of Culture Yevhen Nyshchuk told a news conference.
"Kyiv is ready to guarantee spending of at least 200 million hryvnia for the contest itself. One billion hryvnia is additionally planned to be allocated for preparation of the arena, landscaping and infrastructure development," he said.
Yevhen Nyshchuk clarified that according to the draft project submitted by the Kyiv authorities, the International Exhibition Center would be able to host the audience of 12,000-14,000.
In addition, the city authorities plan to unclog traffic arteries between Dnipro River's right and left banks in Kyiv by water trams that will continue operating after the contest.
In turn, Kyiv City State Administration Chairman, Kyiv's Mayor Vitali Klitschko believes Kyiv is prepared for Eurovision Song Contest 2017 better than other Ukrainian cities.
He added that the Eurovision-2017 would be held at the International Exhibition Centre capable of hosting the audience exceeding 50,000.
As reported, Eurovision Song Contest 2017 was decided to be held in Kyiv. The cities of Odesa, Kyiv, and Dnipro reached the competitive selection's final. Kyiv won 19 votes while Odesa, as a possible song contest host, was supported by two members of the board.
Odesa Regional State Administration Head Mikheil Saakashvili said that the decision to hold the Eurovision Song Contest in Kyiv was rigged.
According to Ukraine's National Broadcasting Company CEO Zurab Alasania, the final decision on the city to host the Eurovision-2017 will be taken by President Petro Poroshenko and PM Volodymyr Hroisman.