Tuesday, November 5
The restoration of Ukraine will cost $1T, and private businesses are braced for it.
Tuesday, March 12, 2024
According to EIB estimates, more than $1T in public and private capital may be spent restoring Ukraine. However, there is already an approximate plan of action.
- The Turkish Onur Group repairs blown-up bridges. Together with the South Korean company Samsung C&T Corp., it has built mobile hospitals in Ukraine. The Onur Group wants to resume the reconstruction of the Dnipro International Airport and several highway projects.
- Istanbul company Dogus Construction is rebuilding three bridges with Britain’s support and is looking forward to future multi-billion-dollar contracts.
- Austrian company Waagner-Biro Bridge Systems, which produces modular steel overpasses, has already started production at a plant in western Ukraine.
- Denmark donated €120M to restore the Mykolaiv shipbuilding hub.
- Construction materials manufacturer Fixit is building a new production site in the west of Ukraine.
- Chemical company Bayer AG announced an investment in seed production.
American and European companies plan to receive the lion’s share of contracts during the coming recovery.