US-Ukraine Investment Fund Picks 8 High-Readiness Projects Worth $1.2B

March 3 ------ The United States-Ukraine Reconstruction Investment Fund (URIF) concluded its first two months of operations, receiving 138 investment applications through its portal. Following a review by the Project Sourcing Committee on the website of the Ministry of Economy, Environment and Agriculture, 22 projects have been selected for further processing, and 8 reached a high level of readiness.

The fund, established under the minerals deal signed in April 2024 between the Ukrainian and US governments, the two nations agreed to invest in projects tied to minerals extraction, which should also play a part in Ukraine’s post-war reconstruction.

“The number of applications and the interest from international investors confirm that Ukraine has significant unrealized investment potential,” Yehor Perelygin, Deputy Minister of Economy, Environment, and Agriculture, is quoted at publication. “We are already seeing this potential transform into concrete reconstruction projects.”

Structure of applications to the US-Ukraine reconstruction fund

According to the ministry data, 8 of 22 initiatives already reached a high level of readiness, forming a portfolio with an estimated value of $1.2 billion.

Energy and energy security dominated the applications in February, accounting for 62% of all bids. Other key sectors include transport and logistics infrastructure (16%), critical minerals (12%), and advanced technologies and telecommunications (8%).

The global consulting firm Alvarez & Marsal (A&M) serves as the Fund’s investment advisor. In its initial years, URIF will prioritize equity investments and quasi-equity instruments to support Ukraine’s recovery – financing methods that do not involve direct capital injections.

Source: kyivpost.com