Keywords
offenses
public administration
regulatory legal acts
public governance
investment environment
state investment policy
scientific and methodological approaches
implementation of investment projects
European experience
investment stimulation mechanisms
infrastructure projects
construction management system
modernization of the construction sector
sustainable development
How to Cite
Abstract
The article examines the dynamics of capital investments in Ukraine’s construction sector during 2021–2024 through the lens of unprecedented challenges caused by the full-scale armed aggression. It has been established that the key trend in this period was the reorientation of investments from residential construction to engineering structures, which reflects the shift in economic priorities under wartime conditions. It was found that the sharp decline in investment volumes in 2022 was due to the physical destruction of assets, loss of access to infrastructure, and increased investment risks. The gradual recovery of investment activity in 2023–2024 indicates the adaptation of institutional mechanisms to the conditions of prolonged confrontation. It is emphasized that financing critical infrastructure, particularly water supply facilities, energy, and transport logistics, is gaining special significance. The relevance of developing a new model for strategic planning of the construction sector’s development, capable of ensuring its sustainable functioning under martial law, is stated. It is determined that forming an effective investment strategy requires the introduction of financial and economic instruments aimed at neutralizing risks and attracting capital. It is noted that key barriers remain high interest rates, limited access to long-term financing, and regulatory instability. The potential of public-private partnerships is revealed as a tool for implementing large-scale infrastructure projects. The expediency of introducing specialized funds, war risk insurance mechanisms, and tax incentives for investors is substantiated. It is found that adapting best European practices in investment management strengthens the state’s institutional capacity. The importance of implementing digital technologies in planning and monitoring the implementation of construction projects is highlighted. It is stressed that innovations, including the use of BIM modeling and geographic information systems, increase the effectiveness of managerial decisions. The need to develop the sector’s human capital and modernize production capacities is stated. It is determined that international financial support, including agreements with the European Investment Bank, opens new opportunities for attracting concessional resources. It is noted that the unification of procedures, transparency of expenditures, and coordination between institutions should become the foundation for post-war recovery.
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