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October 28, 2022

Five largest construction projects initiated in Russia in Q3 2022

By Carmen

Here are the five largest construction projects initiated in Russia during Q3 2022, according to GlobalData’s construction projects database.

1. Surgut Ob River Second Road Bridge – $1,054m

The project involves the construction of the 1.7km second bridge over the river Ob in Surgut GRES, Russia

Construction work started in Q3 2022 and is expected to be completed in Q4 2026.

The aim of the project is to reduce traffic on the bridge over the river Ob.

2. Saratov Western Bypass Railway Junction – $885m

The project involves the construction of a 69 km railway bypass hub in Saratov.

Construction work commenced in Q3 2022 and is expected to finish in Q4 2025.

The purpose of the project is to cater to the growing transport requirements and to enhance the transit for freight trains through the city.

3. Kutuzovsky River Park Residential Complex – $700m

The project involves the construction of the River Park residential complex on 7ha of land in Kutuzovsky, Moscow.

Construction work started in Q3 2022 and is forecast to complete in Q2 2024.

The purpose of the project is to provide residences with modern amenities in the region. It intends to improve the quality of life in the region.

4. Yuzhno-Sakhalinsk Airport New Runway – $380m

The project involves the construction of a new 60m-wide 3.4km-long runway at Yuzhno-Sakhalinsk Airport in Sakhalin Oblast.

Construction work commenced in Q3 2022 and is expected to be completed in Q4 2024.

The project aims to increase the capacity of the airport.

5. Korsakov Timber Processing Plant – $231m

The project involves the construction of a timber processing plant with a capacity of 700,000m3 wood per year, in Korsakov, Sakhalin.

Construction work started in Q3 2022 and is expected to be completed in Q4 2026.

The aim of the project is to to produce a board for various purposes, CLT panels and OSB boards, wood fuel pellets. It will create 240 new jobs 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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