Kiev  - Ukraine's troubled Olympic Stadium will not only meet all UEFA standards for Euro 2012, but be capable of hosting world-class athletics events, Korrespondent magazine reported Wednesday citing senior government officials.

Ongoing repairs to the sports complex in the capital Kiev will, once completed, put the stadium fully in accordance with rules set by the International Association of Athletics Federations (IAAF), said Yury Pavlenko, Ukraine's minister of sport.

Pavlenko made the remarks at a meeting of Ukraine's National Olympics Committee, attended among others by Soviet pole vaulting champion Sergey Bubka, now president of the Ukrainian Association of Light Athletics.

Ukraine's Ministry of Sport is the primary government agency responsible for an estimated 260 million dollar makeover of the Olympic Stadium, a project repeatedly stalled since 2007 because of funding shortages and disputes between Kiev tycoons over land ownership.

Working blueprints approved Tuesday by both UEFA and IAAF officials would leave in place a running track around Olympic Stadium's field perimeter, said Pavlo Kostenko, an MP responsible for legislative oversight of the Olympic Stadium overhaul.

A joint UEFA-IAAF commission will monitor other repairs to the Olympic Stadium complex throughout an estimated 15 months of work left until completion, ensuring the finished sports venue would be capable of handling top-level football matches, and light athletics competitions, Kostenko said.

"We will (once the stadium is overhauled) retain all (multi-sport) infrastructure for the development of light athletics, tennis, and gymnastics," said Bubka. "As well as the Euro 2012 final."

UEFA officials during 2008 and 2009 criticized Ukraine's government for dragging its feet on preparing Olympic Stadium for the Euro 2012 tournament.

UEFA president Michel Platini in July singled out the Olympic Stadium as a high-profile problem area, saying Ukraine stood to lose part or all of its hosting privileges, if repair work on the structure continued at a slow pace.

UEFA threats plus cash infusions voted by Ukraine's parliament in August have pushed construction ahead. Currently approximately half the stadium has been torn down, and workers are assembling a framework for a modernised structure.

Once complete by a planned December 2010 finish date Olympic Stadium will have received a roof, state-of-the-art communications, UEFA-standard fan facilities, and have a capacity of 83,300 persons, according to government plans.

Ukraine is with Poland a co-host of the Euro 2012 championship. The former Soviet republic has struggled to get ready, with cash shortages and bureaucratic infighting dogging its preparation effort. (dpa)