Andrew Forrest commits $500 million for Ukrainian reconstruction fund. ukraine miningnews
Ukrainian President Volodymyr Zelenskyy and Dr. Andrew Forrest announce investment in Ukraine Green Growth Initiative. Credit: Ukraine Green Growth Initiative via PR Newswire
The Ukraine Green Growth Initiative will focus on building out infrastructure projects in energy and communications, including a green energy grid, according to a press release from Forrest’s family office Tattarang.Ukrainian President Zelenskyy was quoted in the press release welcoming the investment and saying it would help Ukraine become the fastest-growing economy in Europe.
“We will take advantage of the fact that what the Russians have destroyed can readily be replaced with the latest, most modern green and digital infrastructure.” Forrest, founder of Fortescue Metals Group Ltd, said consultations for the fund, which will help Ukraine rebuild and “enter a golden era”, have been underway since March, and involved conversations with Prime Minister Anthony Albanese, US President Joe Biden, former British Prime Minister Boris Johnson and others.
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Australian iron-ore magnate commits $500m for Ukrainian reconstruction fundAustralian iron-ore magnate Andrew Forrest announced on Thursday a $500-million commitment towards the launch of a $25-billion international investment fund designed to help Ukraine rebuild after Russia's invasion. The Ukraine Green Growth Initiative will focus on building out infrastructure projects in energy and communications, including a green energy grid, according to a press release from Forrest's family office Tattarang.
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