 Rebuilding Ukraine's economy after nearly two years of war is expected to cost $486 billion, 2.8 times its 2023 expected economic output, a new study by the World Bank, United Nations, European Commission and the Ukrainian government found, the Jerusalem Post informs. The estimate quantifies the direct physical damage to buildings and other infrastructure, the impact on people's lives and livelihoods and the cost to build back better, the World Bank said. That 10-year cost estimate is up from $411 billion last March, with housing needs topping the list at $80 billion or 17%, followed by transport needs of $74 billion or 15%, and commerce and industry at $67.5 billion. The $486 billion is an unfathomably large amount, and, of course, it reflects real needs, said Arab Banerjee, World Bank Regional Country Director for Eastern Europe, although he noted that the high rate of damages seen in the first months of the war had slowed sharply. The report said Ukraine needed some $15 billion to cover the most urgent repair, recovery and reconstruction priorities in 2024, of which about $5.5 billion had already been met through the state budget and donor support.