Ukraine's $17 billion rapid recovery plan includes decentralisation of energy system
The Ukrainian government hopes to attract donor funds for this purpose
What happened? Ukraine's $17 billion rapid recovery plan includes decentralisation of the energy system.
Source. Denys Shmyhal, Prime Minister of Ukraine, at the forum on the rapid recovery of Ukraine in Luxembourg, Interfax-Ukraine reports.
Details. In general, the rapid recovery plan includes 5 points:
- restoration and decentralisation of energy system: after 13 massive and dozens of local attacks, more than 400 critical infrastructure facilities within the Ukrainian power network have been damaged or destroyed;
- reconstruction of residential buildings: currently, losses in this sector amount to more than $55 billion with more than 150,000 residential buildings destroyed;
- demining: the process can take 5 years or more, the government, however, plans to do it faster;
- restoration of critical social infrastructure – roads, bridges, schools, hospitals, etc;
- assistance to private business: indirect losses in this sector amounted to $33 billion last year.
Mr. Shmyhal pointed out that along with covering the state budget deficit, Ukraine also hoped to attract donor funds to implement the rapid recovery plan.
Previously. Ukraine needs $17 billion to quickly restore energy, infrastructure, and housing. In total, this year's budget deficit that needs to be financed reaches $38 billion
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