Tuesday, 02 January 2024 12:17 GMT

Ukraine’s Reconstruction Offers Opportunities for Turkish Firms


(MENAFN) Ukraine is set to provide substantial prospects during its reconstruction phase, with the total project volume reaching over $50 billion for Turkish companies to participate in, according to Eyup Vural Aydin, chairman of the Public-Private Partnership Research Center (KOI).

Speaking to a news agency, Aydin highlighted that infrastructure investments usually focus on both stable markets and those that have experienced instability and are in the process of rebuilding. “One of these is Ukraine, and the other is Syria for Türkiye to take part in,” he explained.

“Private sector growth in Ukraine began even before the war -- they initially received training on the public-private partnership (PPP) model from Türkiye in 2017,” he added.

Aydin noted that international financial institutions are providing significant backing to Ukraine in its recovery journey.

“With the conclusion of the war, large-scale infrastructure investments in Ukraine will commence -- currently, nearly everything is needed in the country: schools, hospitals, dormitories, kindergartens, bridges, roads, buildings, and various types of infrastructure,” he stated.

“All of this cannot be financed solely with public funds, which is why the build-operate-transfer (BOT) approach will play a crucial role in Ukraine’s investments over the next 10 to 15 years.”

He also disclosed that Ukraine enacted a new BOT law just a month ago, establishing a structured plan for post-war reconstruction initiatives.

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