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  • Ukraine needs $24.5 billion annually for reconstruction

    Опубликовано: 2024-04-18 14:00:46

    According to Volodymyr Vlasiuk, director of Ukrpromvneshexpertiza and chairman of the Chamber of Commerce and Industry of Ukraine's Committee on Industrial Modernization, Ukraine needs to raise more than $62.8 billion to rebuild the country for the purchase and production of construction materials.

    According to Vlasyuk, the volume of residential destruction caused by the Russian army increased from 74 million square meters in November 2022 to 89 million square meters at the end of 2023. This dynamics indicates a serious deterioration in the condition of construction projects caused by active hostilities and the use of various types of weapons.

    According to a preliminary estimate of the November 2022 expert study, Ukraine's need for construction materials is more than $24.5 billion annually. However, Vlasiuk noted that given the current realities and pace of reconstruction, it may be necessary to revise this plan and extend it to a longer period, for example, five or even seven years.

    The expert also pointed to labor force constraints as one of the reasons for the slow pace of reconstruction. Many workers have moved abroad or have been mobilized into the Armed Forces of Ukraine. Such restrictions may complicate the restoration of infrastructure and construction in the affected regions.


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