The total post-war reconstruction budget may have been five times larger than the US-funded Marshall Plan after World War II.
Ukrainian infrastructure destroyed by Russian strikes is being restored by companies from Austria, Germany, Denmark and Turkey. In total, the post-war reconstruction budget could reach more than a trillion dollars. Bloomberg reported this on Saturday, March 9.
According to the publication, Turkish companies are rebuilding bridges and roads, providing power generators and mobile hospital units in the hope of gaining an advantage when competition for large contracts begins. It was noted that Turkish construction contractors have completed 70 projects with a total of one billion dollars in two years.
German and Austrian companies are rebuilding infrastructure and defense plants, and Denmark has donated $130 million to rebuild a shipbuilding center in Nikolaev.
Germany’s Rheinmetall AG announced plans in February to set up a plant to produce 155 mm artillery shells. Construction materials manufacturer Fixit has been building a new production facility in western Ukraine since last year, and chemical company Bayer AG has invested in seed production.
According to the agency, military action could disrupt the implementation of many plans, as facilities could be hit. Another problem is finding workers, because there are not enough people due to the mobilization.
It was also noted that governments, leaders and investors in the West are trying to find a place for the reconstruction of Ukraine after the war, which, according to the estimates of the European Investment Bank, could reach more than one trillion dollars. Adjusted for inflation, this is five times larger than the Marshall Plan that the US funded after World War II.
When and how will Ukraine be restored?
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.