For popularization of physical training and sport, active assertion of the principles of healthy life style in the society, development of cycling in the country as well as further improvement of architectural and urban construction image of the capital, the President of Turkmenistan signed the Resolution, having permitted the administration of Ashgabat to enter into the agreement with Sport ýyldyzy Private Company on project planning and construction of the Bicycle Monument on the intersection of Chandybil Avenue and Bekreve Street.

The document assigns to start works in March 2019 and to finish the construction in May 2020.