The update of regional investment profiles is an important step towards strengthening transparency of Regional Military Administrations within the Public Investment Management reform, as well as improving investment planning, prioritisation, and coordination of funding. Regional investment profiles provide a structured overview of the development needs, priorities, and investment pipelines of each region of Ukraine. What’s new: • a landing page with key regional information, contact details of Regional Military Administration representatives, and a map of Ukraine showing the region’s location • updated interface and navigation menu for easier use <img src="https://cms.dream.gov.ua/uploads/Znimok_ekrana_2026_03_29_o_21_04_09_ec8837d933.png" alt="Знімок екрана 2026-03-29 о 21.04.09.png" srcset="https://cms.dream.gov.ua/uploads/thumbnail_Znimok_ekrana_2026_03_29_o_21_04_09_ec8837d933.png 245w,https://cms.dream.gov.ua/uploads/small_Znimok_ekrana_2026_03_29_o_21_04_09_ec8837d933.png 500w,https://cms.dream.gov.ua/uploads/medium_Znimok_ekrana_2026_03_29_o_21_04_09_ec8837d933.png 750w,https://cms.dream.gov.ua/uploads/large_Znimok_ekrana_2026_03_29_o_21_04_09_ec8837d933.png 1000w," sizes="100vw" width="1000px"> Main profile sections: 1. Regional MTP (Medium-term plan for priority public investments) - isualised investment priorities by sector, financing needs, funding ceilings, and target indicators. Filtering is available by sectors, subsectors, and strategic documents. <img alt="Знімок екрана 2026-03-29 о 21.05.23.png" src="https://cms.dream.gov.ua/uploads/Znimok_ekrana_2026_03_29_o_21_05_23_cc633d17ed.png" srcset="https://cms.dream.gov.ua/uploads/thumbnail_Znimok_ekrana_2026_03_29_o_21_05_23_cc633d17ed.png 227w, https://cms.dream.gov.ua/uploads/small_Znimok_ekrana_2026_03_29_o_21_05_23_cc633d17ed.png 500w, https://cms.dream.gov.ua/uploads/medium_Znimok_ekrana_2026_03_29_o_21_05_23_cc633d17ed.png 750w, https://cms.dream.gov.ua/uploads/large_Znimok_ekrana_2026_03_29_o_21_05_23_cc633d17ed.png 1000w" sizes="100vw" width="1000"> 2. Regional SP (Sectoral Pipeline) - regional projects and programs that are included in sectoral pipelines. Filtering is available by sector, investment stream, objective, budget, preparation status, initiator, etc. <img alt="Знімок екрана 2026-03-29 о 21.05.07.png" src="https://cms.dream.gov.ua/uploads/Znimok_ekrana_2026_03_29_o_21_05_07_9ae3b92c52.png" srcset="https://cms.dream.gov.ua/uploads/thumbnail_Znimok_ekrana_2026_03_29_o_21_05_07_9ae3b92c52.png 227w, https://cms.dream.gov.ua/uploads/small_Znimok_ekrana_2026_03_29_o_21_05_07_9ae3b92c52.png 500w, https://cms.dream.gov.ua/uploads/medium_Znimok_ekrana_2026_03_29_o_21_05_07_9ae3b92c52.png 750w, https://cms.dream.gov.ua/uploads/large_Znimok_ekrana_2026_03_29_o_21_05_07_9ae3b92c52.png 1000w" sizes="100vw" width="1000"> 3. Regional SPP (Single Project Pipeline) - project and program pipelines are available, along with an expanded filtering system for working with public investment pipelines. <img alt="Знімок екрана 2026-03-29 о 21.04.56.png" src="https://cms.dream.gov.ua/uploads/Znimok_ekrana_2026_03_29_o_21_04_56_425b2e8746.png" srcset="https://cms.dream.gov.ua/uploads/thumbnail_Znimok_ekrana_2026_03_29_o_21_04_56_425b2e8746.png 227w, https://cms.dream.gov.ua/uploads/small_Znimok_ekrana_2026_03_29_o_21_04_56_425b2e8746.png 500w, https://cms.dream.gov.ua/uploads/medium_Znimok_ekrana_2026_03_29_o_21_04_56_425b2e8746.png 750w, https://cms.dream.gov.ua/uploads/large_Znimok_ekrana_2026_03_29_o_21_04_56_425b2e8746.png 1000w" sizes="100vw" width="1000"> It is important that international partners and donors use regional investment profiles to review regional priorities, investment needs, and project pipelines, and make funding decisions based on data from the Single Project Pipeline. This approach supports transparency, better coordination of funding, and alignment of investments with regional and national priorities. View regional investment profiles: https://dream.gov.ua/ua/regions

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DREAM Update: Regional investment profiles have been updated on the public portal

The Strategic Investment Council has approved an updated State Single Project Pipeline (SPP) of public investments for 2026.&nbsp;The update includes 18 public investment projects, as well as two updated public investment programmes.&nbsp;The updates cover the following sectors:&nbsp;<ul style="list-style-type:disc;"><li>Energy - 5 new projects and 3 projects updated&nbsp;</li><li>Municipal infrastructure&nbsp;</li><li>Transport - 3 projects&nbsp;</li><li>Healthcare - 2 projects&nbsp;</li><li>Education and science - 2 programmes updated&nbsp;</li><li>Environment - 3 projects&nbsp;</li></ul>The full list of public investment projects and programmes is available on the public DREAM portal: <a target="_blank" rel="noopener noreferrer" href="https://dream.gov.ua/spp-pipeline">https://dream.gov.ua/spp-pipeline </a>or in the DREAM analytics module: <a target="_blank" rel="noopener noreferrer" href="https://bi.dream.gov.ua/#/spp">bi.dream.gov.ua</a>The preparation of projects and programmes using the new procedures for appraisal, prioritisation, and selection ensures that investments focus on initiatives that deliver the greatest value for people and the state.&nbsp;Through the DREAM system, project pipelines remain transparent and accessible for review, analysis, and monitoring by sectoral ministries, international partners, international financial institutions, and the public. This transparency also increases opportunities to attract additional financing.&nbsp;This is the second update of the State SPP since it was initially approved by the Strategic Investment Council on 26 August 2025. Under current legislation, the Single Project Pipeline at all levels - national, regional, and local - may be updated on a quarterly basis.&nbsp;The development and implementation of the system is led by the Ministry for Development of Communities and Territories of Ukraine, together with the DREAM Project Office, with the support of the UK DIGIT project ("Digitalisation for Growth, Integrity and Transparency"), implemented by the Eurasia Foundation and funded by UK Dev. The implementing partner is the Open Contracting Partnership.

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Ukraine updates its State Single Project Pipeline in the DREAM system

The estimated cost of Ukraine’s recovery is now nearly three times the country’s projected nominal GDP for 2025. According to the updated Rapid Damage and Needs Assessment - RDNA5, released on February 23 by the Government of Ukraine together with the World Bank Group, the European Commission, and the United Nations, total recovery and reconstruction needs as of December 31, 2025 are estimated at USD 588 billion over the next decade. This represents an increase of USD 64 billion compared to the previous year’s assessment. The assessment covers the period from February 24, 2022 to December 31, 2025 - nearly four years of full-scale war. During this time, direct damage has exceeded USD 195 billion. The most affected sectors remain<ul><li>housing - accounting for 31% of total damage,</li><li>transport - 20.6%,</li><li>energy - 12%,</li><li>trade and industry - 9%,</li><li>agriculture - 6%.&nbsp;</li></ul>More than 80% of destruction is concentrated in frontline and border regions. The largest recovery needs over the next ten years are in the transport sector, totaling more than USD 96 billion. Energy sector needs are estimated at USD 90.6 billion. In 2025 alone, the number of damaged or destroyed energy facilities increased by approximately 21%. The district heating sector remains particularly underfunded - 2026 financing needs amount to USD 1.6 billion, while less than 1% of this requirement is currently secured. The housing sector requires approximately USD 90 billion over the next decade. Since the start of the full-scale invasion, 14% of the housing stock has been damaged or destroyed, affecting more than 3 million households. Significant resources are also required for trade and industry - over USD 63 billion, agriculture - over USD 55 billion, and demining and explosive hazard management - nearly USD 28 billion. In 2026, USD 5.8 billion is already available to finance priority programs; however, the overall funding gap stands at USD 9.5 billion. The most significant shortfalls are observed in energy, housing, transport, and water supply and sanitation. At the same time, RDNA5 highlights a structural shift in Ukraine’s recovery framework. Planning and prioritization of investments for 2026 are being carried out within the Public Investment Management reform framework, with DREAM serving as its digital backbone. The preparation of the 2026 State Budget marks the first full budget cycle implemented under the updated PIM procedures. The PIM system governs the planning, appraisal, and prioritization of public investments at the national, regional, and local levels. State-level investments are consolidated into a <a target="_blank" rel="noopener noreferrer" href="https://dream.gov.ua/spp-pipeline">Single Project Pipeline</a>, while regional and local pipelines are being further developed to serve as central reference points for financing and implementation decisions. Importantly, aggregated data from the DREAM platform were used to assess recovery needs at the regional and local levels. DREAM provides a consolidated, transparent, and structured overview of community and regional investment needs, ensuring alignment within a unified PIM logic. Overall, Ukraine’s recovery framework is transitioning from emergency response toward a structured, institutionalized, and data-driven model of investment management. This process goes beyond rebuilding infrastructure - it represents a broader economic transformation, the adoption of European standards, and the establishment of a foundation for Ukraine’s full integration into the European Union.

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RDNA5: Ukraine’s Recovery Needs Are Estimated at Nearly USD 588 Billion

DREAM Academy is the training and capacity-building unit of the DREAM Project Office under the Ministry for Development of Communities and Territories of Ukraine. Its mission is to strengthen the capacity of public sector professionals to effectively manage public investments at all levels — from local communities to central government. Areas of activity Training and capacity building DREAM Academy delivers practical training sessions, webinars, and workshops for representatives of ministries, communities, and regions. Training programmes combine the methodological foundations of the Public Investment Management (PIM) reform with hands-on work in the DREAM system, covering strategic investment planning, project preparation and appraisal, portfolio formation, implementation, monitoring, and evaluation. Guidelines and digital learning materials The Academy develops digital content, methodological guidance, and step-by-step instructions to support correct data structuring, reduce errors, and facilitate efficient use of the system. Expert community DREAM Academy facilitates a professional <a target="_blank" rel="noopener noreferrer" href="https://www.facebook.com/groups/186494501179428">Facebook community</a> that brings together experts, public authorities, and practitioners involved in PIM processes. The community provides a space for peer-to-peer exchange, discussion of practical challenges, and access to professional support at all stages of public investment management. Regional centres of expertise Knowledge scaling is ensured through a network of regional partners, including Regional Development Agencies. Activities include training of trainers, mentoring support, and the development of standard training programmes, modules, and learning materials aimed at strengthening the capacity of communities and regions. AI-powered support in DREAM DREAM Academy contributes to the development of an interactive knowledge base for the DREAM large language model (LLM). This enables the future integration of an intelligent assistant into the system interface to provide timely user support and, over time, assistance with feasibility studies and project appraisal. Learning platform&nbsp; The <a target="_blank" rel="noopener noreferrer" href="https://academy.dream.gov.ua ">academy.dream.gov.ua </a>platform serves as a single access point to:<ul><li><a target="_blank" rel="noopener noreferrer" href="https://academy.dream.gov.ua/page/knowledge_base">a knowledge base</a> with methodological guidance, detailed instructions, and recordings of completed training sessions, updated in line with system development;</li><li><a target="_blank" rel="noopener noreferrer" href="https://academy.dream.gov.ua/page/Events">an events calendar</a> with information on upcoming training activities and registration options;</li><li>access to the DREAM Academy professional <a target="_blank" rel="noopener noreferrer" href="https://www.facebook.com/share/g/17wQT6aNxy/">community on Facebook</a>. &nbsp;</li></ul>Impact in 2025<ul><li>56 training events covering all stages of public investment management</li><li>Over 21,000 professionals trained across communities, regions, and national institutions</li><li>Average quality rating of 4.86 out of 5, based on participant feedback</li></ul>DREAM Academy operates under the Ministry for Development of Communities and Territories of Ukraine with operational support from Open Contracting Partnership, within the Digitalisation for Growth, Integrity and Transparency (DIGIT) Project, implemented by Eurasia Foundation and funded by UK Dev.

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DREAM Academy: A Centre of Competence in Public Investment Management

The updated community investment profile is now available in the DREAM system. The page provides basic information about the community, a brief overview, and contact details of the responsible representative. A map of Ukraine has also been added to display the community’s location.A user-friendly menu at the top of the community profile allows users to explore data on public investment activities.<figure class="image"><img alt="Знімок екрана 2025-12-30 о 08.21.10.png" src="https://cms.dream.gov.ua/uploads/Znimok_ekrana_2025_12_30_o_08_21_10_27233073a1.png" srcset="https://cms.dream.gov.ua/uploads/thumbnail_Znimok_ekrana_2025_12_30_o_08_21_10_27233073a1.png 245w, https://cms.dream.gov.ua/uploads/small_Znimok_ekrana_2025_12_30_o_08_21_10_27233073a1.png 500w, https://cms.dream.gov.ua/uploads/medium_Znimok_ekrana_2025_12_30_o_08_21_10_27233073a1.png 750w, https://cms.dream.gov.ua/uploads/large_Znimok_ekrana_2025_12_30_o_08_21_10_27233073a1.png 1000w" sizes="100vw" width="1000"></figure>In particular, the “Community MTP” tab provides access to the approved Medium-term Investment Plan for priority public investments. Dashboards include data on investment streams, total financial needs, funding limits, target indicators, etc. Filters allow users to view the plan by sector, sub-sector, strategic documents, or financial needs. <img alt="Знімок екрана 2025-12-30 о 12.02.25.png" src="https://cms.dream.gov.ua/uploads/Znimok_ekrana_2025_12_30_o_12_02_25_00ece57fe2.png" srcset="https://cms.dream.gov.ua/uploads/thumbnail_Znimok_ekrana_2025_12_30_o_12_02_25_00ece57fe2.png 245w, https://cms.dream.gov.ua/uploads/small_Znimok_ekrana_2025_12_30_o_12_02_25_00ece57fe2.png 500w, https://cms.dream.gov.ua/uploads/medium_Znimok_ekrana_2025_12_30_o_12_02_25_00ece57fe2.png 750w, https://cms.dream.gov.ua/uploads/large_Znimok_ekrana_2025_12_30_o_12_02_25_00ece57fe2.png 1000w" sizes="100vw" width="1000"> The “Community SP” tab contains information about projects included in the sectoral pipelines. Projects can be filtered by sectors or investment streams. <img alt="Знімок екрана 2025-12-30 о 11.15.32.png" src="https://cms.dream.gov.ua/uploads/Znimok_ekrana_2025_12_30_o_11_15_32_c14a78bd61.png" srcset="https://cms.dream.gov.ua/uploads/thumbnail_Znimok_ekrana_2025_12_30_o_11_15_32_c14a78bd61.png 245w, https://cms.dream.gov.ua/uploads/small_Znimok_ekrana_2025_12_30_o_11_15_32_c14a78bd61.png 500w, https://cms.dream.gov.ua/uploads/medium_Znimok_ekrana_2025_12_30_o_11_15_32_c14a78bd61.png 750w, https://cms.dream.gov.ua/uploads/large_Znimok_ekrana_2025_12_30_o_11_15_32_c14a78bd61.png 1000w" sizes="100vw" width="1000"> &nbsp; Users can also filter projects by purpose, budget, preparation status, or initiator. <img src="https://cms.dream.gov.ua/uploads/Znimok_ekrana_2025_12_30_o_10_50_29_54af6e6fa5.png" alt="Знімок екрана 2025-12-30 о 10.50.29.png" srcset="https://cms.dream.gov.ua/uploads/thumbnail_Znimok_ekrana_2025_12_30_o_10_50_29_54af6e6fa5.png 245w, https://cms.dream.gov.ua/uploads/small_Znimok_ekrana_2025_12_30_o_10_50_29_54af6e6fa5.png 500w, https://cms.dream.gov.ua/uploads/medium_Znimok_ekrana_2025_12_30_o_10_50_29_54af6e6fa5.png 750w, https://cms.dream.gov.ua/uploads/large_Znimok_ekrana_2025_12_30_o_10_50_29_54af6e6fa5.png 1000w" sizes="100vw" width="1000"> The “Community SPP” tab provides information on the most prioritized projects that have been evaluated and selected by the Investment Council for inclusion in the Single Project Pipeline. Users can explore project and program pipelines or use the filtering system to sort by sector, direction, purpose, project status, and more.<img alt="Знімок екрана 2025-12-30 о 10.50.19.png" src="https://cms.dream.gov.ua/uploads/Znimok_ekrana_2025_12_30_o_10_50_19_61a3fe7d1b.png" srcset="https://cms.dream.gov.ua/uploads/thumbnail_Znimok_ekrana_2025_12_30_o_10_50_19_61a3fe7d1b.png 245w, https://cms.dream.gov.ua/uploads/small_Znimok_ekrana_2025_12_30_o_10_50_19_61a3fe7d1b.png 500w, https://cms.dream.gov.ua/uploads/medium_Znimok_ekrana_2025_12_30_o_10_50_19_61a3fe7d1b.png 750w, https://cms.dream.gov.ua/uploads/large_Znimok_ekrana_2025_12_30_o_10_50_19_61a3fe7d1b.png 1000w" sizes="100vw" width="1000"> The “Project Archive” tab includes information about recovery and development initiatives implemented by the community using the DREAM system before the introduction of the public investment management reform.<img src="https://cms.dream.gov.ua/uploads/Znimok_ekrana_2025_12_30_o_10_50_51_c051dd0062.png" alt="Знімок екрана 2025-12-30 о 10.50.51.png" srcset="https://cms.dream.gov.ua/uploads/thumbnail_Znimok_ekrana_2025_12_30_o_10_50_51_c051dd0062.png 245w, https://cms.dream.gov.ua/uploads/small_Znimok_ekrana_2025_12_30_o_10_50_51_c051dd0062.png 500w, https://cms.dream.gov.ua/uploads/medium_Znimok_ekrana_2025_12_30_o_10_50_51_c051dd0062.png 750w, https://cms.dream.gov.ua/uploads/large_Znimok_ekrana_2025_12_30_o_10_50_51_c051dd0062.png 1000w" sizes="100vw" width="1000"> We encourage responsible community representatives to update their profiles and actively add information to make their investment profiles more comprehensive and attractive to potential partners and donors.Please note that the system’s functionality is being continuously updated. Investment profile data for regional administrations will be refreshed soon.The system is being implemented by the Ministry for Communities, Territories and Infrastructure Development of Ukraine together with the DREAM Project Office, supported by the Digitalisation for Growth, Integrity and Transparency Project (UK DIGIT) project, implemented by the Eurasia Foundation and funded by UK Dev. The implementation partner is the Open Contracting Partnership

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DREAM Update: Community Investment Profiles Refreshed

An international Peer Learning Workshop: Public Sector Staffing and Digitalization for Public Infrastructure Investment Results was held in Vienna, focusing on strengthening public sector capacity and digital solutions for Public Investment Management (PIM). The event brought together representatives of ministries, local governments, state-owned enterprises, and international institutions from across Europe, the Balkans, and Central Asia. The workshop was co-organized by the World Bank, the European Commission, the Austrian School of Government, the Federal Public Administration Academy, and the Vienna Development Knowledge Center. Discussions centered on how strengthening public sector competencies, digitalizing processes, and implementing institutional reforms can improve the preparation, selection, and delivery of public investments. The event was attended by Viktor Nestulia, Head of the DREAM Project Office, Head of Ukraine Support, OCP, who presented Ukraine’s approach to implementing the PIM reform and the DREAM digital ecosystem as its practical backbone. Why This Matters Effective Public Investment Management is increasingly seen not merely as a technical function, but as a combination of leadership, institutional capacity, and digital tools. Workshop participants discussed common challenges countries face when transitioning to a systemic PIM framework, including skills shortages, fragmented IT solutions, a lack of end-to-end processes, and limited analytical capacity to support decision-making. In this context, Ukraine’s experience stood out as an example of a comprehensive approach, where digital solutions do not operate in isolation but support the entire reform logic — from strategic planning to project implementation and monitoring. Ukraine’s Experience and the Role of DREAM During the workshop, the DREAM ecosystem was presented as the digital foundation of Ukraine’s public investment management reform. Participants were introduced to key elements of the system, including integrated project preparation workflows, transparent procedures, analytical tools, and the approach to developing a Medium-Term Plan of Priority Public Investments, sectoral pipelines, and the Single Project Pipeline. The Ukrainian case generated strong interest among participants. In their concluding discussions, representatives of participating countries expressed a desire to further explore the DREAM approach and consider it as a reference model for the development of their own PIM systems. Key Takeaways from the Workshop The main takeaways included:<ul><li>Human capital and institutional capacity are critical to successful PIM reform, alongside regulatory frameworks and IT solutions</li><li>Training and competency development must be systematic and continuous, rather than ad hoc</li><li>Digitalization, data integration, big data, and artificial intelligence are reshaping public investment management practices</li><li>The effectiveness of PIM should be assessed based on real outcomes, including adherence to timelines and budgets, infrastructure quality, and environmental and climate impact</li></ul>Special attention was given to economic appraisal tools, particularly the e-CBA solution developed by the World Bank to support decision-making in public investment. Outcomes and Next Steps Following the workshop, the Ukrainian delegation was invited to engage more actively with the World Bank’s international PIM community, which is working on transforming PIM functions across the region. Agreements were also reached on methodological cooperation, with a view to potentially integrating selected international tools and approaches into the DREAM ecosystem and Ukraine’s PIM methodology. Participation in the workshop confirmed that Ukraine’s PIM reform and the DREAM ecosystem are already recognized internationally and can serve as a practical reference for other countries undergoing public investment management reforms.

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Presenting Ukraine’s PIM Reform and DREAM to the International Community: Key Takeaways from the Vienna Workshop

The Government of Ukraine continues to implement the Public Investment Management (PIM) reform, aimed not only at ensuring a unified approach to the allocation of budget funds but also at creating conditions for sustainable and effective development of communities and regions based on sound strategic planning and prioritization. The digital foundation of the reform is the DREAM system — a “single window” for managing public investment projects and programs. All stages of implementation — from the formation of the medium-term plan, preparation, and appraisal, to the development of sectoral pipelines and the Single Project Pipeline (SPP) at national, regional, and local levels, as well as funding decisions, execution, and monitoring — are carried out through DREAM in a transparent and accountable manner. The Head of the Project Office shares his vision of the reform’s implementation, the future of the system, and the strength of the DREAM team. - Our mission is simple: we are transforming the public investment management system to improve the quality of life in Ukraine. Public investments, like public procurements, influence all sectors of the economy and society. Today, Ukraine is facing extremely challenging circumstances, and to some, working on reform may seem illogical. However, transforming the public investment system is especially crucial right now, given the enormous needs for recovery and development projects. Resources of the state and individual communities must be used transparently, accountably, and efficiently. In addition, we are already preparing to engage the funds of our international partners — including European funds — based on clear and understandable rules and conditions. A modern, transparent, and well-structured PIM system is a key prerequisite for attracting international funds to support Ukraine’s recovery and development. <img alt="DSC06957 (1).jpeg" src="https://cms.dream.gov.ua/uploads/DSC_06957_1_e5364155be.jpeg" srcset="https://cms.dream.gov.ua/uploads/thumbnail_DSC_06957_1_e5364155be.jpeg 234w, https://cms.dream.gov.ua/uploads/small_DSC_06957_1_e5364155be.jpeg 500w, https://cms.dream.gov.ua/uploads/medium_DSC_06957_1_e5364155be.jpeg 750w, https://cms.dream.gov.ua/uploads/large_DSC_06957_1_e5364155be.jpeg 1000w" sizes="100vw" width="1000"> How do you see the development of DREAM over the next few years? What should remain unchanged, and what should evolve? - What must remain unchanged is DREAM’s people-centered approach — from process logic to our approaches in training, client service, and system interface design. Our slogan is “make the community fall in love with DREAM,” because first and foremost, we aim to create value for every community and its residents. <img alt="DSC05063.jpg" src="https://cms.dream.gov.ua/uploads/DSC_05063_8df35a7d4b.jpg" srcset="https://cms.dream.gov.ua/uploads/thumbnail_DSC_05063_8df35a7d4b.jpg 234w, https://cms.dream.gov.ua/uploads/small_DSC_05063_8df35a7d4b.jpg 500w, https://cms.dream.gov.ua/uploads/medium_DSC_05063_8df35a7d4b.jpg 750w, https://cms.dream.gov.ua/uploads/large_DSC_05063_8df35a7d4b.jpg 1000w" sizes="100vw" width="1000"> There is still a lot of transformation ahead — many elements of the reform are not yet finalized or integrated into the system. We have a significant amount of work ahead in digitally transforming all stages of investment project implementation. We are also looking forward to deep integration with the Ministry of Finance’s budget systems — our teams are actively working on this now. We’re expanding our data analytics capabilities and building a robust risk management system. We are developing tools for citizen engagement through DREAM, along with many other features and services. And of course, artificial intelligence: developing and integrating large language models into PIM processes via DREAM is one of our priorities. <img alt="DSC05886.jpg" src="https://cms.dream.gov.ua/uploads/DSC_05886_17c9d0f77a.jpg" srcset="https://cms.dream.gov.ua/uploads/thumbnail_DSC_05886_17c9d0f77a.jpg 234w, https://cms.dream.gov.ua/uploads/small_DSC_05886_17c9d0f77a.jpg 500w, https://cms.dream.gov.ua/uploads/medium_DSC_05886_17c9d0f77a.jpg 750w, https://cms.dream.gov.ua/uploads/large_DSC_05886_17c9d0f77a.jpg 1000w" sizes="100vw" width="1000">Does DREAM influence the culture of public investment management — not just the processes, but also the mindset of those in the system? - Our team has a manifesto — outlining what we aim for, why, and how. I’ll quote it as my answer to this question: “Together, we are building a new culture of interaction and thinking, where every action matters, every person makes an impact, and the future begins with the decisions we make today. We do this by rethinking approaches to public investment management and creating equal opportunities for every participant in the ecosystem. This helps shape and implement the vision of Ukraine — a country we are proud of, a country we want to return to and invest in.” <img alt="Copy of DSC05161 (1).jpg" src="https://cms.dream.gov.ua/uploads/Copy_of_DSC_05161_1_5ed99b13d9.jpg" srcset="https://cms.dream.gov.ua/uploads/thumbnail_Copy_of_DSC_05161_1_5ed99b13d9.jpg 234w, https://cms.dream.gov.ua/uploads/small_Copy_of_DSC_05161_1_5ed99b13d9.jpg 500w, https://cms.dream.gov.ua/uploads/medium_Copy_of_DSC_05161_1_5ed99b13d9.jpg 750w, https://cms.dream.gov.ua/uploads/large_Copy_of_DSC_05161_1_5ed99b13d9.jpg 1000w" sizes="100vw" width="1000"> How can you tell that the reform is moving in the right direction? What signals indicate this to you? - It’s important to track progress and compare each reform cycle to the previous one. If we look back at 2024 — considering the rules for forming the first pilot EPP and the coverage of processes through DREAM — and compare it to where we are now, we’ve made a significant leap forward. We already have state-level SPs and SPPs in place. Over 600 communities are registering their SPIs in DREAM, and nearly 6,000 PIPs have been entered into the system using the new methodology. There’s strong demand for training and support — every day we unlock new opportunities and move forward. So overall, we are on the right track. But we must not become complacent, thinking “everything is already working perfectly” — many aspects, from regulatory support to implementation of specific DREAM functionalities, still have room for improvement. Our team, together with our partners, constantly gathers feedback from communities, regions, ministries, and international partners, analyzes data, and studies the real challenges people face — where theory “misses the mark,” and therefore the approach needs to be revised. It’s encouraging that all members of the broader reform team are willing to keep improving the process with every step. What matters most is not a snapshot evaluation, but continuous movement in the right direction. That’s how each cycle brings us closer to sustained improvement. <img alt="photo_2025-10-23 09.43.29.jpeg" src="https://cms.dream.gov.ua/uploads/photo_2025_10_23_09_43_29_137bd73688.jpeg" srcset="https://cms.dream.gov.ua/uploads/thumbnail_photo_2025_10_23_09_43_29_137bd73688.jpeg 208w, https://cms.dream.gov.ua/uploads/small_photo_2025_10_23_09_43_29_137bd73688.jpeg 500w, https://cms.dream.gov.ua/uploads/medium_photo_2025_10_23_09_43_29_137bd73688.jpeg 750w, https://cms.dream.gov.ua/uploads/large_photo_2025_10_23_09_43_29_137bd73688.jpeg 1000w" sizes="100vw" width="1000"> What personally motivates you to work on such a large and complex project? &nbsp;- First of all, it’s the people. Starting with our team of DREAM believers who truly live this reform and are fully dedicated to its implementation. These are people who care deeply and genuinely believe in Ukraine’s future. And of course, the partners we work with — ministries, regions, communities, international partners, civil society organizations — all of them form one large PIM reform team. Today, that’s hundreds, maybe even thousands of like-minded individuals who contribute every day to these critical changes. Then, the vision of Ukraine’s future is embedded in our manifesto. This reform directly impacts the quality of life in Ukraine and helps gradually shift the paradigm we use when planning positive change at the local level. <img src="https://cms.dream.gov.ua/uploads/DSC_09675_f1de05c262.JPG" alt="DSC09675.JPG" srcset="https://cms.dream.gov.ua/uploads/thumbnail_DSC_09675_f1de05c262.JPG 234w, https://cms.dream.gov.ua/uploads/small_DSC_09675_f1de05c262.JPG 500w, https://cms.dream.gov.ua/uploads/medium_DSC_09675_f1de05c262.JPG 750w, https://cms.dream.gov.ua/uploads/large_DSC_09675_f1de05c262.JPG 1000w" sizes="100vw" width="1000"> And finally — the ambition of the PIM reform itself, as well as DREAM as its digital foundation. I genuinely believe that Ukraine’s success in this reform will inspire other countries, just as Prozorro and Diia once did. We haven’t seen this kind of comprehensive approach to managing public investments — with digital tools, broad stakeholder coordination, and engagement at every level — in any other country. That’s why we’re confident we’re not only contributing to building the future of Ukraine but also opening new opportunities for the world. “It always seems impossible until it’s done.” So we keep doing our work every day — until we can finally celebrate that “done.” :)

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Viktor NESTULIA: The Future Begins with the Decisions We Make Today

Olha Polinher 

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DB _Culture project costs (1).docx

БД  _Витрати проекту культура (1).docx

The project plans to carry out a complex of restoration and repair and construction works, modernize engineering networks, and implement modern technological solutions to create a comfortable, energy-efficient, and barrier-free space.

У межах проєкту планується проведення комплексу реставраційних та ремонтно-будівельних робіт, модернізація інженерних мереж, а також впровадження сучасних технологічних рішень для створення комфортного, енергоефективного та безбар&rsquo;єрного простору.

Reconstruction of the building - an architectural monument of local importance for a multifunctional cultural and educational center

Реконструкція будівлі - пам'ятки архітектури місцевого значення під багатофункціональний культурно-освітній центр

The new space provides flexible zoning: cultural halls, educational classrooms, coworking spaces, exhibition areas, event spaces, as well as zones for social entrepreneurship. The facility is immediately designed as barrier-free, technologically equipped, and energy-efficient.

Новий простір передбачає гнучке зонування: культурні зали, освітні аудиторії, коворкінги, виставкові площі, простори для подій, а також зони для соціального підприємництва. Об&rsquo;єкт одразу проєктується як безбар&rsquo;єрний, технологічно оснащений і енергоефективний.

New construction of a modern cultural space with the integration of historical heritage

Нове будівництво сучасного культурного простору з інтеграцією історичної спадщини

Uncertain technical condition of the building (hidden structural defects, deterioration of the foundation or floors) Impact: high - may lead to an increase in the cost of the project and an extension of the implementation period.

Невизначений технічний стан будівлі (приховані дефекти конструкцій, зношеність фундаменту чи перекриттів) Вплив: високий — може призвести до збільшення вартості проєкту та подовження строків реалізації.

Thanks to the restoration of the existing infrastructure, a modern, accessible and inclusive space is created, which ensures an expansion of the range of cultural and educational services, an increase in the number of visitors, the attraction of new target groups (youth, IDPs, vulnerable categories) and an increase in the level of community participation in cultural life.

Завдяки відновленню існуючої інфраструктури створюється сучасний, доступний та інклюзивний простір, що забезпечує розширення спектру культурних і освітніх послуг, збільшення кількості відвідувачів, залучення нових цільових груп (молодь, ВПО, вразливі категорії) та підвищення рівня участі громади у культурному житті.

The discounted cash flow method is used to assess the payback of projects. The method involves calculating the net present value of forecast cash flows as the difference between the present value of future cash inflows that the project will generate and the present value of all project costs.

Для оцінювання самоокупності проектів використовується метод дисконтування грошових потоків. Метод передбачає розрахунок чистої теперішньої вартості прогнозних грошових потоків як різниці між теперішньою вартістю майбутніх грошових надходжень, які генеруватиме проект, та теперішньою вартістю усіх витрат на проект.

The main risks of this solution are related to financial costs and implementation duration. At the same time, they are compensated by high functionality, energy efficiency and long-term benefits. With proper planning, management and financing, the risks are controllable, but can significantly affect the project timeline and budget.

Основні ризики цього рішення пов’язані з фінансовими витратами та тривалістю реалізації. Водночас вони компенсуються високою функціональністю, енергоефективністю та довгостроковими перевагами. За умови належного планування, управління та залучення фінансування, ризики є контрольованими, однак можуть суттєво вплинути на строки та бюджет проєкту.

full compliance with the principles of barrier-free living; creation of a comfortable and modern environment for the community; increased participation of residents in cultural life; integration of vulnerable groups of the population, formation of a modern image of the community; possibility of scaling and development in the future.

повна відповідність принципам безбар’єрності; створення комфортного та сучасного середовища для громади; активізація участі мешканців у культурному житті; інтеграція вразливих груп населення,формування сучасного іміджу, громади; можливість масштабування та розвитку у майбутньому.

The SPIV Center Bilhorod-Dnistrovskyi project: revitalization of the building as a space for co-creation of cultural dialogue and sustainable community development involves the revitalization of a historical building through the creation of a multifunctional space that combines cultural heritage, creative industries, education and international cooperation. Its value lies in the preservation of the object of architectural monument of local importance &nbsp; and the popularization of the historical and cultural potential of the community and the simultaneous formation of a modern platform for the creation (spiv) and singing - the development of talents, entrepreneurship and social integration of youth and vulnerable&nbsp; groups. The project arose as a response to the community's need to create a high-quality inclusive cultural infrastructure, new economic opportunities and strengthening international partnerships in the context of recovery, as evidenced by a survey of community residents conducted to identify needs (link attached). As a result of the implementation, a sustainable center of cultural life and social entrepreneurship will be created, the tourist attractiveness of the community will be increased, and the participation of residents in creative and educational initiatives will be activated.

Проєкт SPIV Центр Білгород-Дністровський: ревіталізація будівлі як простору співтворення культурного діалогу та сталого розвитку громади передбачає ревіталізацію історичної будівлі через створення багафункціонального простору, що поєднує культурну спадщину, креативні індустрії, освіту та міжнародну співпрацю. Його цінність полягає у збереженні об'єкта памятки архітектури місцевого значення &nbsp;та популяризації історико-культурного потенціалу громади і одночасному формуванні сучасної платформи для створення (spiv) та співу - розвитку талантів, підприємництва та соціальної інтеграції молоді і вразливих&nbsp; груп. Проєкт виник як відповідь на потребу громади у створенні якісної інклюзивної культурної інфраструктури, нових економічних можливостях та посиленні міжнародних партнерств у контексті відновлення, про що свідчить опитування мешканців громади, проведене з метою визнання потреб (додається посилання). У результаті реалізації буде створено сталий центр культурного життя та соціального підприємництва, збільшено туристичну привабливість громади та активізовано участь мешканців у креативних і освітніх ініціатив.

SPIV Center Bilhorod-Dnistrovskyi: revitalization of a historical building as a space for co-creation, cultural dialogue and sustainable community development

Bilhorod-Dnistrovska

community since 2020

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SPIV Center Bilhorod-Dnistrovskyi: revitalization of a historical building as a space for co-creation, cultural dialogue and sustainable community development

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