This is more than five times more than the US-funded Marshall Plan, which contributed to the industrial revival of Europe after the defeat of Germany.
Ukraine needs $1 trillion to rebuild after the war
The situation on the front line in Ukraine does not give an idea of when and how the war may end. However, more and more companies are gradually increasing their investment presence in Ukraine, preparing to start the recovery process.
This is reported by Bloomberg .
According to the estimates of the European Investment Bank, more than 1 trillion dollars of public and private capital may be spent on the restoration of Ukraine.
Adjusted for inflation, this is more than five times the size of the US-funded Marshall Plan, which fueled Europe's industrial revival after Germany's defeat.
As the publication writes, there is already an approximate plan that gives an idea of how the future recovery will take place.
Turkish companies are rebuilding bridges and roads, supplying power generators and mobile hospitals. In particular, the Turkish Onur Group is engaged in the repair of blown-up bridges, for example, in Irpen.
Also jointly with the South Korean company Samsung C&T Corp. the Onur Group company built mobile hospitals in Ukraine.
Ultimately, the company wants to resume the reconstruction of the Dnipro International Airport and a number of highway projects. Dogus Construction, an Istanbul-based company, is rehabilitating three bridges with the support of Great Britain and expects to receive contracts worth "a couple of billion dollars" in the future for the reconstruction.
German and Austrian companies plan to build enterprises in the field of infrastructure and defense. Thus, in February, the giant Rheinmetall AG announced plans to create an enterprise in Ukraine for the production of such necessary 155-mm artillery ammunition. The Austrian company Waagner-Biro Bridge Systems, which produces modular steel overpasses that connect rivers and valleys, has already started production at a plant in western Ukraine.
JPMorgan Chase & Co. is waiting for working groups for "pre-project planning", and Denmark has so far donated 120 million euros (130 million US dollars) to restore the Mykolaiv shipbuilding hub.
The manufacturer of construction materials Fixit has been building a new production site in western Ukraine since last year, and the chemical company Bayer AG announced investments in the production of seeds.
According to Bloomberg, given where the money will come from, American and European companies will most likely get the lion's share of the contracts when they come.
Post-war reconstruction of Ukraine
According to the World Bank, as of December 31, 2023, the total cost of recovery in Ukraine will be $486 billion over the next decade.
According to the estimates of the Ukrainian authorities, only in 2024 the country will need about 15 billion dollars for urgent priority recovery measures both at the national and local levels.
The US State Department together with the German Marshall Fund announced the creation of the Ukrainian Cities Partnership (UCP). This will help to redesign and rebuild sustainable, inclusive and strong cities in Ukraine.
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