Metinvest is ready to help the government scale up its housing programmes

In Gdańsk, as part of the Ukraine Recovery Conference, an investment model comprising six residential estates for 10,500 internally displaced persons from Mariupol was presented to European financial institutions. This is according to a report by Metinvest.media

In particular, international partners were shown the master plan for the first such development, which is to be built in Bila Tserkva with government support as part of the ‘My Home. Ukraine’ programme.

The pilot project, comprising 44 buildings, is being implemented by the Mariupol City Military Administration in collaboration with the Kyiv Regional Military Administration, with the involvement of the Ministry of Development and the Bila Tserkva City Council, and with the support of the Donetsk Regional Military Administration and the Metinvest Group.

As part of the ‘My Home. Ukraine’ programme, six investment projects have already been prepared to create a fund for affordable housing for 10,500 Mariupol residents in Bila Tserkva, Vasylkiv and Boyarka (Kyiv Oblast), Lviv and Mykolaiv (Lviv Oblast), and Chernivtsi. Land plots for construction and project documentation are also ready.

The total funding requirement is €182 million, 50 per cent of which is guaranteed by the Ukrainian government (funds from the Mariupol community that have been transferred to the state budget). The remaining half is planned to be raised through grants and investments.

The first phase of the neighbourhood is planned to be built using steel-frame technology. The engineering and technical basis of the project is based on the universal reconstruction concept ‘Steel Dream’, created by Metinvest for communities affected by the war.

At the same time, the ‘Mariupol Quarter’ will be the first residential development in Ukraine to comply with the concept and principles of European social housing, developed by the full-cycle urban planning bureau Big City Lab in collaboration with the architectural firm PUPA and the consultancy Civitta, commissioned by the Mariupol City Military Administration.

As Yuriy Ryzhenkov, CEO of the Metinvest Group, noted, the company has created ‘Steel Dream’ as a suite of ready-made housing and infrastructure solutions for cities affected by the war.

‘They are based on modern steel structures, which enable construction to be carried out quickly, cost-effectively and reliably. After all, the first thing Ukrainians need to return home and rebuild their lives is a home. Metinvest is ready to help the state scale up its housing programmes. Steel construction technology makes these programmes more affordable and will support domestic manufacturers, thereby strengthening the country’s economy,” he said.

As noted by Natalia Yemchenko, Director of Public Relations and Communications at SCM and Chair of the Supervisory Board of the Rinat Akhmetov Foundation, affordable housing is an extremely important condition for the return of Ukrainians, but it must be part of a comprehensive solution.

“People need jobs with clear terms and prospects for professional development. It is equally important to ensure access to quality education, healthcare and modern social infrastructure,” she noted.

As a reminder, Metinvest presented its concept for the reconstruction of Ukraine, ‘Steel Dream’, in May 2023.