Kyiv city state administration decided to carry out reconstruction of the Kontraktova Square and Sagaidachnoho Street in the Podil district of Kyiv by the year 2011.

This is reported in a directive issued by the Kyiv city state administration, a text of which was obtained.

The reconstruction project provides for reconstruction of roadsand sidewalks on the Kontraktova Square and Sagaidachnoho Street, erection of a monument to Petro Mohyla, renovation of the Kontraktova building complex on Architect William Heste Avenue and the magistrate building on the square, and renovation of buildings and structures long Sagaidachnoho Street.

The Kyiv city state administration selected the Podil district administration's department of capital construction and reconstruction to place the order for design of the project.

The department will process the documents necessary for the land sites involved in the reconstruction project, and receive the permits necessary for the renovation project from the Culture and Tourism Ministry and the municipal administration's main department of protection of cultural heritage.

The department and the municipal administration's main department of economics and investments were also informed to consider the possibility of obtaining investment in the reconstruction project.

As it wasearlier reported, the Kyiv city state administration announced in July that it intended to renovate the Kontraktova Square and Sagaidachnoho Street.