The full-scale invasion of Russia has led to colossal destruction of the country’s infrastructure. According to the latest estimates of the Kyiv School of Economics, the total amount of direct infrastructure losses in Ukraine amounts to USD143.8 bln.
One of the important tasks for the effective post-war recovery of Ukraine is not only the physical reconstruction of the destroyed infrastructure, but also its global modernization and transition to European standards.
Integration into the EU zone and further full membership implies the unification and bringing of Ukraine’s infrastructure facilities in line with the requirements of the European Union standards. In particular, this means full integration into a single transport network TEN-T (The Trans-European Transport Network), the European energy network ENTSO-E (European Network of Transmission System Operators for Electricity), ensuring EU standards in the field of civil engineering. Therefore, the overall needs for infrastructure reconstruction can far exceed current estimates and require considerable investments in relatively short periods of time.
Public-private partnerships (PPPs) can be one way to attract international investment in infrastructure. However, the success of PPP programs depends on the quality of conditions within the country and whether it will be possible to overcome the challenges on the way to developing an effective model of public-private partnership. In this study, we analyze the experience of other countries in the implementation of PPP projects and assess promising areas of application of this mechanism and potential risks that may adversely affect the implementation of public-private partnerships in Ukraine.
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