The value of Russia construction market is forecasted by GlobalData to decline by 4.2% in real terms in 2023, having grown by 3.5% in 2022. A key growth market will be the infrastructure market, with output dropping by 1.3% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the five largest construction projects initiated in Russia during Q4 2023, according to GlobalData’s construction projects database.
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1. Vidnoye Residential Complex
The project involves the construction of a residential complex on 156.7ha of land, with a gross area of 1,380,000m2 in Vidnoye, Moscow Oblast.
Construction work started in Q4 2023 and is expected to be completed in Q4 2025.
The project aims to build a better residential facilities in the region. Buy the profile here.
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2. Pride Residential Complex
The project involves the construction of the Pride Residential Complex on 5.6ha of land with a gross area of 165,600m2 in Moscow.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2025.
The project aims to cater to the need for residential facilities in the region. Buy the profile here.
3. Transport Hub Development
The project involves the construction of a transport hub in Yaroslavl Oblast.
Construction work started in Q4 2023 and is forecast to complete in Q3 2024.
The aim of the project is to improve the transport infrastructure and boost the commercial facilities in the region. The node will bring together four types of transport: road, river, rail, and air. Buy the profile here.
4. Khasavyurt Bypass
The project involves the construction of the Khasavyurt Bypass in Dagestan.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2028.
The project aims at developing the North-South international transport corridor linking Russia, Azerbaijan, and Iran. It will meet the requirements of category I-B with an estimated speed of 120 km/h. Buy the profile here.
5. Pyatigorsk Beshtaugorskoe Highway Reconstruction
The project involves the reconstruction of the Beshtaugorskoe highway in Pyatigorsk, Stavropol.
Construction work started in Q4 2023 and is expected to be completed in Q4 2025.
The aim of the projects is to reduce traffic congestion and reduce the number of accidents. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
