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"are to be finalized" is correct and can be used in written English.
It is most commonly used in formal or legal contexts to indicate that something is expected or intended to be completed or settled in the future. Example: The details of the contract are to be finalized by the end of the week. This means that the finalization of the contract is planned or expected to happen in the future, and it emphasizes that it is a necessary step that must be completed.
Exact(2)
She added that the group considers its initial proposal for building standards to be complete; the standards are to be finalized by November 10th.
Several critical contracts are to be finalized by end-2009 in order for the system to meet its 2013 in-service objective.
Similar(54)
The deal is to be finalized by a self-imposed deadline of 30 June.
The night before the divorce is to be finalized, Jerry and Lucy abscond to her aunt's cabin and sheepishly reconcile.
The details of the congress were to be finalized at Beidaihe and the dates announced later in August.
Twenty-five years later, on the day their divorce is to be finalized, Kelly checks into the same room with a plan to kill herself.
The resources board has scheduled months of hearings and public comment on the rule before it is to be finalized next October.
Under its agreement with the city, Mr. Eaton said, Shore Development will pay the owners $26 million for the land; the sale is to be finalized on Monday.
Budget allocations to individual institutes were to be finalized by the end of January 2000, but it is unclear if and how NRSA awards were affected.
"We finally have come to something sensible," says Bryan Kashiwa, a Los Alamos fluid dynamics researcher, about the plea agreement, which is to be finalized 13 September in Albuquerque's Federal District Court.
Just as it looked like his divorce was to be finalized, she told Johnny that when their current October tour through Michigan and Indiana ended, she was leaving him.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com