Ukraine and Switzerland have signed an agreement that provides for a significant increase in funding for reconstruction projects in Ukraine. According to the new amendments to the memorandum between the Ministry of Economy of Ukraine and the Swiss State Secretariat for Economic Affairs (SECO), support will increase by 100% to CHF100 million (approximately $116.7 million).
This is reported by Finway
This document formalizes Switzerland’s intentions to invest in a competition for recovery projects involving Swiss companies already operating in Ukraine and that can be beneficial in the reconstruction process. An additional CHF50 million will be directed towards projects in the areas of civilian protection, infrastructure restoration, community development, and modernization of public services. These funds are part of a broader program totaling CHF1.5 billion, planned for 2025-2028.
Investment and Partnership
Switzerland also plans to invest CHF 5 billion in a 12-year support program aimed at the recovery of regions affected by the war. As part of this program, the countries have signed a memorandum of cooperation for community development.
Additionally, the European Investment Bank is providing Ukraine with €300 million for the restoration of energy systems and critical infrastructure. Norwegian businesses are also planning to contribute to post-war reconstruction, focusing on investment projects that encompass ports, marine infrastructure, as well as the restoration of housing, roads, railways, and industrial zones.