The reconstruction of Mariupol will cost more than $14 billion – the mayor of Mariupol

It is informed that the reconstruction of Mariupol will cost more than $14 billion.

Source. This was announced by the mayor of Mariupol, Vadym Boychenko.

Details. According to him, it may take from 7 to 10 years to completely restore the city, as 1 356 high-rise buildings were destroyed or damaged in the city. 40% of private houses were bombed. Most of the city infrastructure cannot be reconstructed, so the city council plans to build new facilities.

The mayor's office notes that the European Investment Bank and large Ukrainian businesses have demonstrated their readiness to help in reconstruction.

“We cooperate with various experts from the European Bank for Reconstruction and Development, the World Bank, and world-renowned international companies that have reconstruction experience and use the most modern approaches in assessing damage, losses and needs for the reconstruction of dozens of countries and cities after conflicts and natural disasters,” Boychenko says.

Background. Earlier it was reported that russia had had a “reconstruction plan” for Mariupol even before the invasion. The city had been planned to be destroyed from the very beginning.

Currently the damages to Ukraine due to russia's invasion are roughly estimated at $700 billion. Almost 40,000 objects need to be restored in the de-occupied territories. Among them are almost 400 schools, about 300 kindergartens, 300 hospitals, as well as housing and communal services facilities (water supply, gas supply, heat supply and electricity supply).