Automatically translated version. May contain inaccuracies compared to the original.
The Ministry of Economy selected eight recovery projects for preparation with the support of Ukraine FIRST.
Ukraine plans to form in 2027 year a portfolio of recovery projects totaling about $40 billion, for the implementation of which international partners will be attracted. To attract investors, the government must align recovery priorities with partners and prepare well-founded proposals. This is stated by Dilo, citing a statement by the Minister of Economy and Environmental Protection Oleksandr Kravchenko.
According to him, for the implementation of the plan announced by the Ministry of Economy in 29 September, state authorities and project initiators must determine priority directions of recovery, compile a list of relevant projects, calculate costs and justify the expected results. This data will help investors assess proposals and discuss volumes of funding, terms, and the timing of its provision.
“We need to form a framework for a joint vision for discussion with partners about their support programs. We have to take into account the political context, especially in Europe. Therefore, the Ukrainian strategy should be clear and interesting for them so that they want to support it,” the minister explained.
For potential investors, it is important to understand whether they will be able to implement the proposed projects and under what rules they will operate in Ukraine. Therefore, recovery will also require regulatory changes.
“We already need to start preparing projects, work on regulatory changes and expand the support program to attract investment. This work is ongoing, and we are gaining momentum. Within the Single Project Pipeline, together with the World Bank, we select projects and begin their preparation. We are also working with UkraineInvest to attract investments,” Kravchenko said.
For planning public investment in Ukraine, there is the State Single Project Portfolio (Single Project Pipeline). As the Ministry of Economy explains, it includes projects and programs that have been evaluated and selected and can receive financial support for preparation or implementation.
To work with this portfolio, the DREAM national digital system is used, where information about projects is collected and their implementation is tracked.
Preparation of justifications and documentation for infrastructure projects is supported by the Ukraine FIRST initiative. According to the Ministry of Economy, in 21 October, within this program eight projects have already been selected, and another 15 have been submitted for assessment for further preparation.
As ZN.UA wrote, even in the most difficult conditions of war, the country is simultaneously coordinating post-war recovery and moving forward with accelerated integration into the European Union. However, along this path there is a deep structural vulnerability that had been quite long overlooked. This is the so-called absorption capacity — the ability of local communities to absorb and effectively utilize financial aid. Read about it in the article "Billions Without Executors. Why communities may become the main barrier to recovery and EU accession".
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