Forrest commits $747m to Ukraine rebuilding effort

The private investment arm of West Australia's Forrest family has announced it will be injecting US$500 million ($747 million) into an investment fund for rebuilding Ukraine, seeding what Dr Andrew 'Twiggy' Forrest hopes will receive a minimum of US$25 billion ($37 billion).

The investment by the Tattarang Group was announced yesterday at the Bloomberg New Economy Forum in Singapore, where Dr Forrest likened the Ukraine Green Growth Initiative to the large-scale investment efforts that drove the German and Japanese economic miracles after World War II.

"Those funds will be ready to roll when the Ukrainian people and government say so. That'll of course be at the satisfactory end of hostilities when the Russian forces are expelled from the homelands of Ukraine," he told Bloomberg.

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