July 10, in Rome as part of the fourth Conference on the Restoration of Ukraine (URC2025), the Government of Ukraine signed an agreement with the International Bank for Reconstruction and Development (IBRD) to allocate a US$44.3 million grant for the implementation of the PREPARE Ukraine project.
The initial grant funding available totals US$44.3 million and will be provided by the Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund (URTRF) during the first 5 years. Additional grant funds are expected to be raised in the future from various funding sources, which will be allocated through the URTF, other trust funds, or joint co-financing structures.
The Project “Preparation of Sustainable Projects to Promote the Recovery of Ukraine (PREPARE Ukraine)” will be implemented by the PPP Agency as the Project Implementing Entity under the general supervision of the Ministry of Economy of Ukraine.
“PREPARE Ukraine transforms donor grants into real projects – from rebuilding bridges and hospitals to launching new manufacturing facilities capable of integrating into global supply chains. Together with the World Bank, we are creating a systematic ‘preparation factory’ that will minimise delays, increase transparency, and pave the way for billions of dollars of investment in the coming years,” said Yuliia Svyrydenko, First Deputy Prime Minister of Ukraine – Minister of Economy of Ukraine.
The PREPARE Ukraine project aims at supporting Ukraine in preparing for the implementation of projects under the Ukraine Government Project Preparation Facility (Ukraine Government PPF), prioritized as part of the Ukraine public investment management (PIM) process.
The establishment of a Ukraine Government PPF will allow the Government of Ukraine to prepare identified priority projects for recovery and reconstruction of Ukraine in accordance with quality, fiduciary, and environmental standards to enable quick and effective use of public and donor resources in the near term, while also preparing for Public-Private Partnerships (PPPs) and private finance over the medium term.
In this context, the Ukraine Government PPF will have flexibility to prepare projects irrespective of potential financing source for downstream investment. It will be open to projects that may be financed by domestic/budgetary resources, IFIs/DFIs, bilateral donors, and other external financiers including under PPP/private finance structures.
To have access to resources and support from the Ukraine Government PPF, all initiators of public investment projects must go through a prioritization process as part of the preparation, submission, evaluation, and prioritization stages of the Single Project Cycle established in the Public Investment Management System (PIM).
Overall, the PREPARE Ukraine project will also provide advisory and expert support to build the institutional and technical capacity of government institutions to ensure effective management of public investments and the preparation of high-quality infrastructure projects.
