The Five Largest Construction Projects in Russia Going into 2025
GlobalData projects a 4.2% decline in the real value of Russia’s construction market in 2024, following a 3.5% growth in 2023. Despite the downturn, the infrastructure sector remains significant, though it is anticipated to contract by 1.3% in real terms. GlobalData continuously tracks and profiles major construction projects globally, offering insights from announcement to completion. Below are the top five construction projects launched in Russia in Q3 2024, according to GlobalData’s construction projects database.
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1. Cherepovets Pellet Production Plant
Located in Cherepovets, Vologda Oblast, this project entails building a pellet production plant to meet growing regional demand. Construction began in Q3 2024 and is expected to finish in Q4 2026.
2. Art Quarter Publicist Residential Complex
This residential development spans 668,000m² in Pushkinsky, Moscow. Construction started in Q3 2024 and is scheduled for completion in Q2 2027.
3. Korsakov Far Eastern Quarter Development
This long-term project aims to construct a new urban quarter in Korsakov, Sakhalin. Work began in Q3 2024 and is projected to conclude by Q4 2046.
4. Korsakov Seaport Modernization
In the Korsakovsky District of Sakhalin Oblast, this project focuses on upgrading port facilities to improve cargo handling and accommodate ocean-class vessels. Construction commenced in Q3 2024, with a completion date set for Q4 2026.
5. Green Apple Residential Complex
Spanning 363,000m² in Yablonovskiy, Adygeya, this residential project aims to enhance living standards and create 1,000 jobs. Construction began in Q3 2024 and is expected to finish in Q4 2027.
For further insights on these and other major projects, explore GlobalData’s construction project profiles.
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