The once-thriving construction industry in Ukraine has ground to a near halt as the nation shifts into battling an invasion by Russia. Before the incursion, which began Feb. 24, construction sites across the country were booming in many different sectors, according to Morgan Williams, president of the 200-member U.S.-Ukraine Business Council in Washington, D.C. — Construction Dive
Russia’s invasion has stymied Ukraine’s construction industry, which was surging under the country’s “Big Construction” program. The initiative was spearheaded by Ukrainian President Volodymyr Zelenskyy and aimed to rebuild and renovate infrastructure across the country. Construction Dive obtained an account by an employee at Ukrainian construction company CKS Frame Construction, who stated that the company remains open despite stopping commercial production due to the conflict.
Another company, Zeppelin Ukraine, a dealer of Caterpillar, along with agricultural and mining equipment, also reportedly suspended business, with expectations on a return to work unclear. The company believes the cost of materials will climb as the war continues, impacting raw materials in all industries.
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The Ukrainian construction industry will be sunrise !
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