Three major Polish construction companies signed a cooperation agreement on May 15 to jointly target infrastructure projects as part of Ukraine’s post-war reconstruction, the Ministry of State Assets said.

The signatories to the agreement, signed at the State Assets Ministry, include Budimex and Polimex Mostostal - both listed on the Warsaw Stock Exchange - alongside state-controlled AMW SINEVIA.

"The aim of the agreement is to pool expertise, resources and experience. The initiative is to be developed with the support of the Ministry of State Assets and forms part of the government's wider efforts to encourage Polish businesses to participate in the reconstruction of Ukraine," the ministry said in a press release.

The framework agreement sets out a joint approach to identify and prepare infrastructure projects in the war-torn country through the exchange of knowledge and experience. The cooperation will focus primarily on the reconstruction and modernisation of infrastructure, funded by European Union funds channelled through Poland’s state development bank, Bank Gospodarstwa Krajowego (BGK), alongside other international financial institutions.

"As we look ahead to the next steps, we are developing instruments and solutions designed to increase and strengthen Poland's involvement in Ukraine's reconstruction efforts and to boost the participation of Polish businesses in these major projects across various sectors, including infrastructure, logistics, ports and energy. Virtually every area of the state's operations will be covered by these measures," state assets minister Wojciech Balczun said as quoted in the release.

Budimex Chief Executive Artur Popko noted that the reconstruction of Ukraine would represent one of the most significant economic and infrastructure projects in Central Europe, adding that Polish firms must prepare well in advance as a business community and a nation to secure a meaningful role.

"This will require cooperation, coordination and accountability across the entire sector. In the reconstruction of Ukraine, the advantage will lie not only with companies that can build, but with those that understand the entire logic of a major infrastructure investment: from project preparation, through financing, compliance, logistics and risk management, to large-scale implementation," Popko said.

The chief executives of the participating firms emphasised that their combined experience, resources, and expertise could serve as a cornerstone for Poland’s contribution to Ukraine, sending a vital signal to partners in Kyiv and international funding bodies.

According to World Bank estimates, the cost of rebuilding Ukraine’s shattered infrastructure will reach nearly USD 588bn over the next decade. The ministry recalled that the effort will not be a single major tender but a multi-year, staged process linked to institutional reforms and Ukraine’s integration with the European Union.

Poland has the opportunity to become the primary logistical and operational base for the rebuilding effort, leveraging its geographic proximity, infrastructure, and financial institutions. However, the ministry concluded that capitalising on this potential will require prior alignment and cooperation between the state, commercial firms, and financial institutions.