The South Korean government will support state and private companies in restoring Ukraine’s destroyed transport infrastructure and energy sector, the Korea Times writes. Hyundai Engineering & Construction has already signed a memorandum with Boryspil International Airport regarding reconstruction and expansion projects. Samsung C&T signed an agreement with Lviv to develop a “smart” city.
Other companies ready to participate in Ukraine’s reconstruction include Kolon Global, HD Hyundai XiteSolution, and Hyundai Rotem. South Korea plans to send a delegation from their Ministry of Infrastructure to Kyiv in August and from their Ministry of Trade and Energy in October.
The cost of reconstructing all of Ukraine’s transport and energy infrastructure is estimated at $140B. The largest costs are for the restoration of destroyed housing ($50.4B), transportation ($35.7B), trade ($10.9B), energy ($10.6B), highways and roads ($26.4B), as well as power supply facilities for railways and stations ($23.3B).