Government planning to attract more than UAH 600B for reconstruction

Government planning to attract more than UAH 600B for reconstruction

The Cabinet of Ministers of Ukraine expects to attract more than UAH 600 billion to restore damaged infrastructure and housing in 2023.

Prime Minister of Ukraine Denys Shmyhal announced this at a government meeting on January 13, Ukrinform reports.

According to him, this year the amount of funds for the restoration from already known sources is UAH 110 billion.

Read also: Ukraine expects to complete talks on accession to EU in less than two years - Shmyhal

“At the same time, we expect that we will be able to accumulate six times more funds to restore as much infrastructure and housing of Ukrainians as possible in 2023,” Shmyhal said.

According to him, joint implementation of Ukraine’s recovery plan will be an important part of cooperation with the European Union.

"Reconstruction will become a unifying idea for Europe. As President of Ukraine Volodymyr Zelensky emphasized, the reconstruction of Ukraine is not about some immeasurable future. This is a project that we are launching right now," Shmyhal added.

As reported, Ukraine is planning to begin the restoration of destroyed housing by using funds confiscated from Russian banks.


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