PM Shmyhal elaborates on benefits of Big Construction Program for economy

The project gave a colossal multiplier, the prime minister said.

!!!!!!!!!!!!!!!! UAA1 !!!!!!!!!!!!!!!

Ukrainian Prime Minister Denys Shmyhal has said the presidential Great Construction Program added 1.5% of the gross domestic product (GDP) to the Ukrainian economy and created almost 500,000 jobs.

"The Great Construction Program gave a colossal multiplier, added, according to our calculations, about 1.5% to GDP and allowed to create a little less than 500,000 jobs during quarantine," he said at the All-Ukrainian Forum "Ukraine 30. Coronavirus: Challenges and Answers" in the capital city of Kyiv.

Read alsoUkraine approves tourism development plan until 2023Shmyhal added over 600,000 jobs were created in Ukraine last year.

Background

Since March 2020, the national Great Construction Program has been underway in Ukraine, which includes the construction and repair of roads, as well as other infrastructure facilities.

!!!!!!!!!!!!!!!!!!!!!!!! UAA2 !!!!!!!!!!!!!!!!!!!!!