The World Bank has revised upward its estimate for rebuilding Ukraine, putting the total cost at $588 billion as of the end of last year, compared with $524 billion in its earlier assessment.
In a statement released on Monday, the bank said the projected reconstruction and recovery expenses over the next decade are nearly three times Ukraine’s expected gross domestic product in 2025, noting that four years have elapsed since the war with Russia began.
“With the support of development partners, the Government of Ukraine is taking significant steps to meet recovery and reconstruction priorities for 2026, including public investment projects and essential recovery support programs such as funding for destroyed housing, demining, and multisector economic support programs, totalling more than $15 billion,” the bank said.
The institution noted that since February 2022, at least $20 billion in needs have already been addressed through emergency repairs and early recovery efforts across housing, energy, education, transportation and other critical sectors.
According to the report, direct damage across Ukraine has now exceeded $195 billion, up from $176 billion in the previous update, with housing, transport and energy infrastructure suffering the heaviest losses.
“Damage, losses and needs remain concentrated in frontline oblasts and major metropolitan areas,” it said.
The bank highlighted worsening conditions in key sectors, reporting an approximate 21 percent rise in damaged or destroyed energy assets compared to last year. In transportation, recovery requirements have increased by around 24 percent year-on-year.
It also stated that by the end of last year, about 14 percent of Ukraine’s housing stock had been damaged or destroyed, impacting more than three million households.
Rebuilding demands are greatest in the transport sector, where costs are estimated to exceed $96 billion, the bank said.
Energy follows at nearly $91 billion, while housing reconstruction is projected at close to $90 billion.
The commerce and industry sector is estimated to require more than $63 billion, with agriculture accounting for over $55 billion.
Additionally, the cost of managing explosive hazards and clearing debris is put at nearly $28 billion, despite ongoing surveying and demining operations that have helped contain further damage.
