The Kyiv city authorities have agreed to take on increased financial burdens as part of the implementation of the Resilience Plan. This was announced by the capital's mayor, Vitali Klitschko, following a meeting of the National Security and Defense Council (NSDC).
Initially, the funding ratio for the works between the state and the city was set at 50/50. However, due to the inclusion of additional projects necessitated by the unique specifics of the capital, Kyiv's share has increased. Now, the city shoulders expenses amounting to more than 22 billion hryvnias.
Capital Specifics and Rising Costs
Vitali Klitschko clarified that the base cost of works assigned to the city exceeded 17 billion UAH. Additional funding was required to implement projects critical for the functioning of the metropolis. These included the restoration of damaged energy facilities, as well as increasing the energy resilience of housing and the social sector.
Despite the increase in obligations, the total cost of the Kyiv Resilience Plan measures was revised downwards. The initial estimate of 67 billion UAH was adjusted to 37 billion UAH. This decision was made based on a realistic assessment of financial resources, the definition of priorities, and professional project detailing.
Financial Mechanisms and Funding Sources
To implement the updated plan, the city administration has already accumulated more than 10 billion hryvnias. The remaining funds are planned to be raised through borrowing and the redistribution of the city budget. Authorities emphasize that such measures are necessary to ensure the safety and stable operation of urban infrastructure.
Priority: Reserve Heating System
The most complex and large-scale direction of the Plan is the construction of a reserve heating system. On a Kyiv scale, the task of replacing CHP plants is estimated at 2.1 GW of capacity.
Following the 50/50 cost-sharing principle, the city has already contracted equipment and begun work on facilities with a total capacity of over 1000 MW. Simultaneously, the Ukraine Restoration Agency is working on facilities with a capacity of 564 MW. These measures are designed to guarantee heat supply to the capital's residents under possible threats.
