EBRD and IFC to Explore Private Sector Involvement in Reviving Ukraine’s Airport Infrastructure
The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) have launched a joint initiative to examine models for attracting private investment into the management and development of Ukraine’s airports, despite the continued suspension of civilian air travel due to the war.
The Gaze reports on this with reference to Ukraine’s Ministry for Development of Communities and Territories.
According to the announcement, the two financial institutions presented a dedicated team of experts and an implementation roadmap for a comprehensive feasibility study. The assessment will cover major airports including Boryspil, Odesa, and Lviv, among others, with findings expected by August 2025.
“Even as the war continues and Ukraine’s skies remain closed, we must ensure our airport infrastructure remains operational and ready,” said Deputy Minister Maryna Denysiuk. “Private sector engagement is essential not only for post-war recovery, but also for easing the financial strain on the state budget.”
The initiative was first proposed by the Ministry in 2024, leading to the development of detailed terms of reference in cooperation with the EBRD. The study will involve technical, financial, and institutional assessments, the development of investment models, and targeted consultations with global airport operators.
As part of the effort, the EBRD has appointed a technical advisor, while the IFC brought on board a legal expert to support the project. During a recent briefing, both institutions outlined the study’s scope, objectives, and next steps.
All parties agreed to maintain close coordination throughout the project. The Ministry assured its international partners of full institutional support to ensure a smooth and effective process.
Although civilian flights have been grounded since 2022 due to Russia’s full-scale invasion, discussions about the future of aviation in western Ukraine have intensified. Several international carriers have expressed readiness to resume operations once conditions allow, including Wizz Air, which has confirmed its intention to return after a ceasefire is in place.
As The Gaze reported earlier, in 2025, the European Bank for Reconstruction and Development intends to allocate at least €1.5 billion to support the Ukrainian economy and business.