Last Wednesday, UEFA President Michel Platini announced that Ukraine and Poland had been chosen as joint hosts for the 2012 Euro Cup final.
Andriy Sadovy, the mayor of Lvov, said the money would be allocated for the renewal of all tourist and sports infrastructure facilities in the city, which is located in the west of the country and has a population of about 860,000.
He added that a new stadium capable of seating 32,000 people would be also built in Lvov.
UEFA considered three bids in total last Wednesday, and a joint bid from Ukraine and Poland won ahead of Italy and another joint bid from Croatia and Hungary.
The selected venues for the final round in Poland are Gdansk, Poznan, Warsaw, Wroclaw and Chorzow, while Ukraine has proposed stadiums in Dnepropetrovsk, Donetsk, Kiev and Lvov.
