The government of the Republic of Korea plans to support the public and private sectors in the implementation of Ukraine’s reconstruction projects worth $52 billion, The Korea Herald reported, citing South Korean Presidential Secretary for Economic Affairs Choi Sang-mok.
“In May, through the channel of intergovernmental cooperation, Ukraine asked Korean companies to participate in about 5,000 construction projects estimated at $20 billion,” The Korea Herald quoted the secretary as saying on Friday.
He said the Korean government will begin evaluating construction sites where modular units will be built to quickly build infrastructure such as schools, housing and hospitals. The sites will be inspected with official development assistance funds.
In addition, the Republic of Korea plans to provide technical assistance for the rehabilitation of water infrastructure, and to supplement the humanitarian aid offered for the Kakhovka hydroelectric plant, which was undermined by Russian occupiers.
The secretary also added that support will also be provided for the private sector-led reconstruction project, which is currently estimated to cost about $32 billion.
“The project covers various sectors, including: nuclear power plants with small modular reactors, airport reconstruction, construction equipment, rail transportation and information technology,” the statement said.
“Although the war continues and the reconstruction work is in its early stages, we will prepare for our role in the reconstruction project as diligently as the Ukrainian government wishes,” Choi Sang Mok emphasized.
