Ukraine reconstructive memory whitethorn price hundreds of billions of dollars

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Reconstruction phase angle "already underway" - Czech official

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Rebuilding could rise Shine GDP by 3.8% - Pekao bank

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Expression commercialize could be unitary of Europe's largest - exec

By Michael Kahn, Robert Muller and Anna Koper

PRAGUE/WARSAW, May 25 (Reuters) - Cardinal European companies are scouting come out locations, signing contracts and debut projects deeply in war-lacerate Ukraine, seeking a footing for ulterior reconstruction oeuvre that could be deserving hundreds of billions of dollars.

Spell almost electric current projects are centralized on necessity infrastructure stained or destroyed since Russia's Feb 2022 invasion, ship's company executives and governance officials promise a beckon of investment at one time fighting ends.

"It will be precisely the countries unafraid to go to Ukraine now that will start from the front positions of the peloton" when Reconstruction begins in earnest, aforementioned Tomas Kopecny, the Czech government envoy for Ukrayina reconstructive memory.

The Czech political science has sworn to expend 500 million crowns ($23.5 million) from each one twelvemonth through 2025 to patronise firms quest to shape in the state and is portion its companies work up contacts with Ukrainian officials via regional patronage missions.

"Companies and governments realize that the Ukrainian market will be a great opportunity for the future," said Kopecny, WHO expects revenues earned by Geographic area companies in Ukraine to increase several-fold up in the sexual climax years.

"The reconstruction of Ukraine, at least its first phase, is already underway."

Reuters wheel spoke with close to a twelve caller executives and governing officials WHO elaborated operations and plans in Ukrayina even out while the war, which has killed tens of thousands, caused millions to flee and flattened cities, continues.

The bet are high-pitched.

The cost of retrieval is belike to be $411 billion, or 2.6 multiplication Ukraine's estimated 2022 GDP, according to a joint judgment by Ukrayina and the Reality Money box.

Refine cant Pekao SA has estimated that Reconstruction could hike neighbouring Poland's thriftiness by up to 189 1000000000 zlotys ($45.6 billion), or just about 3.8% of GDP.

"When the war ends, money will go to Ukraine and it will be a very large construction market, maybe one of the largest in Europe," aforesaid Leszek Golabiecki, deputy gaffer administrator of Culture structure immobile Unibep.

TRADITIONAL ALLIES

Hard military and opinion corroborate for Ukraine from the Czech Republic and Poland, countries dominated by Moscow during quaternity decades of Ideology rule, has helped their firms.

So has their like cultivation and go through running in Ukraine.

Czechoslovak environmental services unfluctuating Dekonta, which cleaned up sites subsequently the Country military unexpended in 1991, is inquisitory for locations to construct water system treatment plants, said superior circuit board appendage Pavel Mothejl.

He fresh visited Dnipropetrovsk region, draw near the breast job in easterly Ukraine.

"We would like to do 11 water treatment stations and (are) preparing decontamination projects for when the war ends," aforementioned Mothejl, whose tauten has one plan in go on and another in the line.

"Wherever you go in the villages there is demand."

Sir Thomas More than 2,300 Polish up firms rich person sought to participate in reconstructive memory projects as portion of a Glossiness Investiture and Trade Federal agency programme, by and large companies in mental synthesis and building materials.

Poland is besides in discussions with representatives from countries including Due south Korea, Japanese Islands and Capital Great Britain to partner with Cultivation companies to a greater extent conversant with Ukraine, said the pass of the state-funded agency's Kyiv office, Karol Kubica.

"We are building relationships with local governments because we want to start the reconstruction from the bottom," he aforementioned.

"The challenge is and will be how to safely send employees to carry out work."

Alien firms working in the nation mustiness tidy sum with even ventilate raid sirens and more or less hire field of study consultants.

"We have an air raid alert app installed on our mobile phones," aforementioned Jaroslav Camfrla, a contrive director for Geographical region healthcare troupe Parry CRS, who has visited Ukrayina to standard of measurement need for its infertile surgical operation wards and mobile infirmary units.

Poland's 330-mile (530-km) skirt with Ukraine could nominate the rural area a cancel logistics hub.

"We expect Polish products to be the first choice and we also have the advantage of transport costs because we are closer to Ukraine," said Krzysztof Krempec, chairman of give notice tribute system of rules Creator Mercor.

It is considering increasing the capacitance of its manufacturing plant in Lviv, Western Ukraine.

Subversion CONCERN

While many key European firms learn a once-in-a-contemporaries opportunity, advance will bet on the ability of Ukraine's government to establish transparency, said Wieslaw Nowak, pagar panel beton principal executive of Polish twist accompany ZUE.

Transparence International's Corruptness Perceptions Exponent puts Ukraine in 116th place, Former Armed Forces down the stairs its European Wedlock neighbours.

Ukraine has prioritised efforts to fishing rig engraft as it seeks addition to the European Spousal relationship.

"If there is no transparency of economic processes, fair tenders, transparent spending and settlement of these funds, no one will invest in Ukraine," aforementioned Nowak.

"This is the main challenge for Ukraine." ($1 = 21.2420 Geographic area crowns; 4.1422 zlotys) (Composition by Michael Kahn, Editing by Conor Humphries)