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Ukrainian government announced a three-stage plan for Ukraine’s post-war restoration

Ukrainian government announced a three-stage plan for Ukraine’s post-war restoration

The Ukrainian government announced a three-stage plan for Ukraine’s restoration called U-24 as it estimated direct (damaged infrastructure) and indirect (potential GDP losses due to damaged industrial facilities, broken supply chains, etc.) losses due to the war at more than a trillion dollars in total.

According to Prime Minister of Ukraine Denys Shmyhal, the first stage is already underway, when the authorities are now restoring the destroyed facilities temporarily, promptly, and quickly.

The second stage is a quick recovery immediately after the end of hostilities. “First of all, it is necessary to resume the supply of water and electricity so that people can ensure their existence in the destroyed territories,” he added.

The third stage, according to the plan, is a big stage of a full-fledged renewal of Ukrainian cities, towns, buildings, infrastructure, and the country as a whole. “This stage will be the most costly, the longest, but we want to implement it very quickly. This should be in parallel with the political processes of Ukraine’s entry into the European Union, as was recently written in the Versailles Declaration,” Shmyhal stressed.

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