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Rebuilding Ukraine

Russia's invasion of Ukraine in February 2022 has resulted in immense destruction and human suffering. Most modern democracies have rallied to Urkaine's defense, providing military support and humanitarian aid to both refugees fleeing the war as well as those defending the country.  Massive investments in thousands of projects will be required to rebuild Ukraine, in turn requiring project management knowledge, information and support.  The international community can provide much of that expertise and support, both directly and indirectly.  Reconstruction is already beginning, but will accelerate when the war ends, assuming a Ukrainian victory. As with all large programs and projects, thorough planning is essential. This section of the PM World Library is intended to support the rebuilding of Ukraine with information that might be useful to those engaged in such programs and projects.

Damage to Ukraine from the War with Russia

According to the Kyiv School of Economics in February 2024, the total amount of direct documented damages inflicted upon Ukraine’s infrastructure due to the full-scale invasion by Russia as of January 2024 stands at $155 billion (at replacement cost). This data is from the analysis of the project “Russia will pay” realized by the KSE Institute team (think tank of the Kyiv School of Economics). The Kyiv School of Economics (KSE) conducts such an assessment with the Ministry for Communities, Territories and Infrastructure Development, the Ministry of Health, and the Ministry of Economy in cooperation with other relevant ministries and the National Bank of Ukraine. The increase in the total amount of damage is due to a growth of damaged and destroyed infrastructure, housing, industry, energy, education, and healthcare facilities. To learn more, including estimated damage to specific industries and infrastructure, click here.

News, Reports, Studies

Euronews (2024). Conference in Athens discusses plans for Ukraine reconstruction, 16 February. https://www.euronews.com/2024/02/16/conference-in-athens-discusses-plans-for-ukraine-reconstruction


240311 - Ukraine: Restoring scientific infrastructure will cost over $1.26 billion (UNESCO) - https://pmworldlibrary.net/wp-content/uploads/2024/03/240311-Ukraine-Restoring-scientific-infrastructure-will-cost-over-1.26-billion.pdf

United Nations (2024). Ukraine recovery and reconstruction: $486 billion over the next decade, 15 February - https://news.un.org/en/story/2024/02/1146562

World Bank (2023). Updated Ukraine Recovery and Reconstruction Needs Assessment, 23 March. https://www.worldbank.org/en/news/press-release/2023/03/23/updated-ukraine-recovery-and-reconstruction-needs-assessment

Shalal, A. (2024). Ukraine needs $486 bln to recover, rebuild after nearly two years of war - World Bank, Reuters, 15 February. https://www.reuters.com/world/europe/ukraine-needs-486-bln-recover-rebuild-after-nearly-two-years-war-world-bank-2024-02-15/

World Bank; Government of Ukraine; European Union; United Nations. Ukraine Rapid Damage and Needs Assessment : February 2022 - February 2023 (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099184503212328877/P1801740d1177f03c0ab180057556615497

Rebuilding Ukraine - Programs and Projects within Ukraine

Ukraine Recovery Plan: Ukraine Recovery Vision: “Strong European Ukraine is a magnet for international investments”. Ukraine's Recovery is aimed to accelerate sustainable economic growth. The plan identifies a list of National programs to achieve key results. Learn more at https://recovery.gov.ua/en

Investment Map of Ukraine — interactive platform showcases a wide range of investment-ready projects across various sectors, thereby facilitating investment in Ukraine. This tool helps potential investors learn about available investment opportunities in different regions of Ukraine, get details on their characteristics, and apply if interested. The description of each project contains information about its initiator, status, location, investment opportunity, the amount of necessary funding, goals, and timelines. Additionally, it offers details about every Ukrainian region, including size, location, population, local taxes, educational establishments, available resources, and developed sectors. Learn about the programs and projects at https://investmentmap.com.ua/

UkraineInvest - The Ukrainian government’s investment promotion office created in 2016 to attract foreign direct investment and assist existing investors to expand their businesses in Ukraine. From its inception as a consultative body reporting to the Prime Minister of Ukraine, UkraineInvest has transformed into a full-fledged government institution committed to providing investors with “one-stop support” consisting of reliable, current information and advice on doing business in Ukraine; identifying optimal investment opportunities; guiding investors through government agencies at all levels, and helping to resolve any systemic issues investors may face. Learn more at https://ukraineinvest.gov.ua/en/

UkraineOffice - An association that serves and brings together businesses, authorities, individuals, and other stakeholders interested in Ukraine's reconstruction. The association provides a platform for both wartime and post-war reconstruction. As part of our commitment to responsibility, the association promotes the well-being and quality of life of Ukrainian citizens. UkraineOffice is committed to helping rebuild Ukraine by offering technical expertise, services to business and policy analysis to assist in the reconstruction of vital infrastructure and services throughout the country. Learn more at https://www.ukraineoffice.org/

AdvantageUkraine - An investment initiative of the government of Ukraine.  Find plenty of projects and turn them into your advantage. Hey, entrepreneurs! As an investor, are you always looking for opportunities? You have just found hundreds of projects!  Learn more at https://advantageukraine.com/

International Programs to Aid in Rebuilding Ukraine

The World Bank in Ukraine - Now in its second year, Russia’s invasion of Ukraine is a tragedy with far-reaching human and economic impacts. We will continue supporting the people of Ukraine through urgent repair projects and coordination with the Government for recovery and reconstruction efforts. World Bank projects, funding and other information related to supporting and rebuilding Ukraine; information at https://www.worldbank.org/en/country/ukraine


National Initiatives to Support Ukraine Economic Development & Renewal


Reconstruction of Ukraine: Finland’s national plan, part one  (2023) - A plan for Finland's participation in the reconstruction of Ukraine drawn up by the Ministry for Foreign Affairs together with the Ministry of Economic Affairs and Employment, Ministry of Finance and business stakeholders. The plan focuses particularly on financing and advisory services relevant for Finnish companies needed to enable them to participate in this reconstruction project with an extremely large scale in terms of the required financing and time span. The plan describes the needs and international organisation of reconstruction in Ukraine as well as proposes financing solutions for Finnish companies’ market surveys, search for partners, export financing as well as investments. The plan additionally describes advisory services that companies can obtain from organisations in the Team Finland network and other business actors. December 2023.  Download plan at https://julkaisut.valtioneuvosto.fi/bitstream/handle/10024/165346/UM_2023_25.pdf?sequence=1&isAllowed=y

Team Finland: Path to Ukraine reconstruction - February 2023 - A Finnish business network established by Business Finland, ELY-Keskukset, Finnvera, Finnfund, TE-tormistat, the Finnish Ministry of Foreign Affairs and other organizations to help Finnish businesses with information and services related to investment and business in Ukraine.  Some information at https://uutiskirje.ek.fi/archive/file/d54a17b438ca260e8982451d16f286ec/reijo-kangas_ek_tf_pathtoukraine-copy.pdf

Business Finland: Information about Rebuilding Ukraine - Information about economic sanctions and reconstruction. Russia's attack on Ukraine affects many Finnish companies as well as operations of other organizations. This page provides information about the situation in general and focusses especially on the reconstruction efforts of Ukraine. Learn more at https://www.businessfinland.fi/en/campaign-sites/ukraine-russia-situation


Private Sector Resources

REBUILD UKRAINE - A 501(c)(3) public charity incorporated in Minnesota, USA. EIN:  88-1252115. REBUILD UKRAINE provides vital humanitarian aid to Ukraine’s defenders, civilians, and refugees. We work with partners in Eastern Europe to deliver aid swiftly, reliably, and cost-efficiently. Since March 2022, we have raised over $680,000 and have delivered food, medical supplies, and protective gear to Ukraine’s hospitals and military units. We have also funded the education and rejuvenation of refugee children traumatized by the war. Learn more at https://rebuild-ua.org/


Project Management Initiatives to Support Rebuilding Ukraine


PMI: Solidarity with Ukraine - the section of the Project Management Institute (PMI) website devoted to Ukraine. PMI, the world’s largest project management professional organization, has mobilized various chapters and constituencies in support of Ukraine since Russia’s invasion of that country in February 2022. According to PMI’s webpage: “We at the Project Management Institute continue to be deeply disheartened by the senseless acts of violence and destruction stemming from the Russian invasion of Ukraine. We stand in solidarity with Ukrainian people...” Learn more at https://www.pmi.org/about/times-of-need/solidarity-with-ukraine


Project Management Jobs in Ukraine

Glassdoor: Project Manager Jobs in Ukraine - On 21 February 2024, there were 721 project manager-related jobs in Ukraine posted on the Glassdoor website.  These postings ranged across industries and level of experience. If interested, check back from time to time. Learn more at https://www.glassdoor.com/Job/ukraine-project-manager-jobs-SRCH_IL.0,7_IN244_KO8,23.htm


Articles, Papers, Other Written Works

Stoutzenberger, T. (2023). Reconstruction of Ukraine: Project Management and Local Governance in Bakhmut and Chornobayivka, news/blog post, International Republican Institute, May 24. https://www.iri.org/news/reconstruction-of-ukraine-project-management-and-local-governance-in-bakhmut-and-chornobayivka/


Other Resources

Rebuilding Ukraine Inc. - A US-based member-owned international rapid deployment agency, that was founded in March 2022 with the sole purpose of helping Ukraine rebuild after the Russian war. The agency represents the US, UK, EU, Canadian and Ukrainian professionals, financing institutions and manufacturers under a unified umbrella in order to deliver maximum impact for the rebuilding effort of Ukraine. The team of professionals has decades of experience working in Ukraine and an impressive list of successfully completed projects in Ukraine and around the world. Members of the Agency completed multiple projects and financings with OPIC/DFC, various Export Credit Agencies, USTDA, IFC, EBRD and capital markets. https://rebuildingua.com/