KIEV, Aug. 2 – It will take about five years and cost UAH 10 billion to reform the housing and utilities sector in Kiev, Deputy head of Kiev City State Administration Oleksandr Mazurchak said.

"I estimate [the reform of the sector] will cost UAH 10 billion, which would be invested over five years," he said at a press conference in Kiev.

Mazurchak also said that at present Kiev City Administration is developing programs to reform the housing and utilities sector, the energy saving sector, and the Fresh Water program. The program to reform the housing and utilities sector and energy saving will be submitted for approval to Kiev City Council in September, and that on drinking water by the end of the year.