Ukraine and the United Kingdom, as well as representatives of British businesses, have signed a Memorandum of Understanding on Reconstruction of Ukraine’s Infrastructure at a UK-Ukraine Infrastructure Summit in London.

The Ukrainian Ministry of Infrastructure announced this in a statement, the CFTS portal reports.

The memorandum paves the way for British businesses to participate fully in the reconstruction of Ukraine's destroyed infrastructure.

"To make the reconstruction process faster and more efficient, a Memorandum of Understanding on Reconstruction of Ukraine’s Infrastructure was signed at the summit. We hope that there will be more British businesses in Ukraine, especially now that the Ukrainian economy needs quality investments. For British businesses to understand that their investments will be used efficiently and transparently, I spoke about the creation of an open electronic system for reconstruction management, the only information space where everyone can learn about specific losses and procurement of reconstruction works and obtain an audit of the use of the funds," said Infrastructure Minister Oleksandr Kubrakov.

According to him, the Ministry of Infrastructure is already creating a state register of damaged infrastructure and developing solutions for digital management of its reconstruction jointly with the government and international partners.

"We already have about 30% of the infrastructure destroyed, but we are working to restore transportation where possible. These are currently quick and inexpensive solutions. Forty-one temporary crossings have already been built and almost 1,000 kilometers of roads have been cleared. In addition, we are restoring rail links between various regions of the country as the security situation improves," Kubrakov said.

A working group has also been set up in partnership with British businesses to rebuild critical infrastructure in Kyiv and the Kyiv region.