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  1. Market Data
May 17, 2022

Five largest construction projects initiated in Russia in Q1 2022

By Carmen

Here are the five largest construction projects initiated in Russia during Q1 2022, according to GlobalData’s construction projects database.

1. Balashikha and Noginsk Bypass – $794m

The project involves the construction of the Balashika and Noginsk Bypass in Moscow Oblast.

Construction work started in Q1 2022 and is expected to be completed in Q4 2023.

The project aims to build a new exit to the Moscow Ring Road from the federal highway M-7 “Volga”.

2. Pyatnitsky Meadows Residential Complex – $673m

The project involves the construction of the Pyatnitsky Meadows residential complex on 108ha of land in Solnechnogorsk, Moscow Oblast.

Construction work commenced in Q1 2022 and is expected to finish in Q4 2023.

The project aims to provide better residential facilities in the region.

3. Khabarovsk Thermal Power Plant 320.8 MW – $627m

The project involves the construction of a thermal power plant with an electricity generation capacity of 320.8MW and a heating capacity of 1,368 Gcal/h in Khabarovsk, Khabarovsk Krai.

Construction work started in Q1 2022 and is forecast to complete in Q4 2025.

The purpose of the project is to create additional power generation capacity to meet the future demand for electricity and to reduce the frequent power outages in the region.

4. Wave Residential Complex – $373m

The project involves the construction of the Wave Residential Complex on 22ha of land with a gross floor area of 550,000m2 area in Moscow.

Construction work commenced in Q1 2022 and is expected to be completed in Q4 2026.

The project aims to provide residential and commercial facilities in the industrial zone of the region.

5. Krasnogorsk Anikeevsky Residential Complex Facility – $364m

The project involves the construction of a comfort-class residential complex on a 557,000m2 area in Krasnogorsk, Moscow region.

Construction work started in Q1 2022 and is expected to be completed in Q1 2024.

The aim of the project is to provide comfort-class residential facilities to the people in the region.

Methodology:This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.

Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.

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