7 Apr 2022 14:26

PM announces three-phase recovery plan for Ukraine

KYIV. April 7 (Interfax-Ukraine) - Ukrainian Prime Minister Denys Shmyhal has announced a three-phase recovery plan for Ukraine.

"We have made the plan public. Let us call it U-24. This is a plan of Ukraine's recovery. There will be a relevant recovery fund, and the recovery will have three phases," Shmyhal said in an interview with BBC News Ukrainian.

The first phase is ongoing, and the authorities are rebuilding devastated facilities in a swift manner, he said.

The second phase envisages fast-paced reconstructions to begin as soon as the hostilities are over, Shmyhal said. "First of all, it is necessary to resume water and power supply so that people could live," he said.

The third phase of the plan stipulates an overall renovation of Ukrainian cities, towns, buildings, infrastructure, and the country as a whole, Shmyhal said.

"This phase will be more expensive and longer, but we are set to accomplish it as fast as we can. That will be done alongside the political process of Ukraine's admission to the European Union, as the Versailles Declaration has recently stated," he said.

Ukraine is expecting to receive a questionnaire in the coming days, which is a step towards the candidate status as a transitional stage of admission to the EU, Shmyhal said.

"We will build a very strong and developed European nation," he said.