Denys Shmyhal: Ukraine to receive additional resources for housing reconstruction projects

The Government has made a number of decisions to attract additional resources for the implementation of reconstruction projects. This was announced by Prime Minister Denys Shmyhal at a meeting of the Cabinet on 1 April.

“Our goal is to rebuild here and now, according to new standards and in clearly defined areas,” said Denys Shmyhal, adding that according to RDNA4, the needs for recovery in the housing sector over the next decade amounted to almost USD 84 billion.

According to the Prime Minister, at today’s meeting the Government had attracted EUR 100 million or more than UAH 4.8 billion from the Council of Europe Development Bank under the HOME project. These funds will be used to pay compensation to owners of destroyed housing under the eVidnovlennia programme.

“Last year, the Bank helped finance 2,800 housing certificates. Thanks to the new financing, we will be able to pay for another 3,600 housing certificates,” said Denys Shmyhal.

In addition, a decision was made to provide housing for internally displaced persons.

“The Council of Europe Development Bank is providing Ukraine with EUR 50 million. These funds will be enough for concessional lending for about 1,100 IDP families,” the Head of Government said.

He also noted that the World Bank was actively supporting housing rehabilitation projects through the HOPE programme. Thanks to this initiative, more than 87,000 Ukrainians have already received compensation for damaged housing. Under this programme, it is also planned to restore up to 200 multi-storey buildings.