Here are the five largest construction projects initiated in Russia during Q2 2022, according to GlobalData’s construction projects database.
1. Northern Bypass – $860m
The project involves the construction of the Northern Bypass in Tver.
Construction work started in Q2 2022 and is expected to be completed in Q1 2024.
The project aims to form a stable road connection through the northeastern territories of the Tver region to the cities of Vologda, Yaroslavl and Dubna, create additional opportunities for the development of the agro-industrial complex and housing construction in the territories of Bezhetsk, Kalininsky, Kimrsky and Rameshkovsky districts of the Upper Volga region, and the development of infrastructure projects in the city of Tver.
2. Pokrovskoe-Streshnevo Residential Complex Sky Garden – $609m
The project involves the construction of a business class residential complex on 4.7ha of land in Pokrovskoe-Streshnevo, northwest of Moscow.
Construction work commenced in Q2 2022 and is expected to finish in Q4 2025.
The aim of the project is to provide business-class residential facilities in the region.
3. Southern Gate – $306m
The project involves the construction of the Southern Gate highway in Bashkortostan.
Construction work started in Q2 2022 and is forecast to complete in Q4 2027.
The project aims to redistribute traffic flows at the southern exit and solve the issue of transport accessibility of new microdistricts of the city.
4. Novosibirsk Transport and Logistics Center – $223m
The project involves the construction of a transport and logistics center on 30ha of land with a capacity of one million containers per year in Novosibirsk.
Construction work commenced in Q2 2022 and is expected to be completed in Q4 2022.
The project aims to develop the region’s logistics potential and to fix its status as the largest transport hub beyond the Urals.
5. Nalchik Microdistrict Residential Complex – $136m
The project involves the construction of the May residential micro-district on 16ha of land in Nalchik, Kabadino-Balkaria.
Construction work started in Q2 2022 and is expected to be completed in Q4 2030.
The aim of the project is to provide high-comfort houses 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.