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Ukraine’s Reconstruction Costs Climb Amid Ongoing War
(MENAFN) The World Bank on Monday raised its estimate for Ukraine’s reconstruction to $588 billion by the end of last year, up from $524 billion in its previous assessment.
According to the bank, the updated 10-year cost is nearly three times Ukraine’s projected 2025 GDP, reflecting the impact of four years of war with Russia.
"With the support of development partners, the Government of Ukraine is taking significant steps to meet recovery and reconstruction priorities for 2026, including public investment projects and essential recovery support programs such as funding for destroyed housing, demining, and multisector economic support programs, totaling more than $15 billion," the statement said.
It added that at least $20 billion in urgent needs has already been addressed since February 2022 through emergency repairs and early recovery work in housing, energy, education, transportation, and other critical sectors.
The World Bank also reported that direct damage in Ukraine now exceeds $195 billion, up from $176 billion previously, with housing, transport, and energy sectors most affected.
"Damage, losses and needs remain concentrated in frontline oblasts and major metropolitan areas," the bank said.
The report highlighted a 21% rise in damaged or destroyed energy assets and a 24% increase in transportation sector needs compared with last year. As of the end of 2025, 14% of housing stock is damaged or destroyed, impacting over 3 million households.
According to the bank, the updated 10-year cost is nearly three times Ukraine’s projected 2025 GDP, reflecting the impact of four years of war with Russia.
"With the support of development partners, the Government of Ukraine is taking significant steps to meet recovery and reconstruction priorities for 2026, including public investment projects and essential recovery support programs such as funding for destroyed housing, demining, and multisector economic support programs, totaling more than $15 billion," the statement said.
It added that at least $20 billion in urgent needs has already been addressed since February 2022 through emergency repairs and early recovery work in housing, energy, education, transportation, and other critical sectors.
The World Bank also reported that direct damage in Ukraine now exceeds $195 billion, up from $176 billion previously, with housing, transport, and energy sectors most affected.
"Damage, losses and needs remain concentrated in frontline oblasts and major metropolitan areas," the bank said.
The report highlighted a 21% rise in damaged or destroyed energy assets and a 24% increase in transportation sector needs compared with last year. As of the end of 2025, 14% of housing stock is damaged or destroyed, impacting over 3 million households.
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