The Volga Federal District’s construction to outpace other Russian regions in 2012

In recent years, the construction industry has been one of the key catalysts of economic growth in Russia. The government large-scale, complex infrastructure programmes aimed at modernising the country’s energy industry, transport system and social infrastructure has played an important part in the evolution of the industry over the recent years. In addition, the preparations for the 2014 Sochi Winter Olympics and the APEC Summit, held in Vladivostok in September 2012, were among the key drivers that supported the expansion of the construction industry in Russia’s regions.
In 2011, construction output in Russia increased by 5.1% to RUB 5,140bn ($166bn), driven primarily by civil engineering projects supported by public authorities across the country. This year expansion is expected to slow, mostly because of the economic slowdown recorded in the country. According to our estimates, total construction output in Russia will reach about RUB 5,677bn ($183bn) in 2012, exceeding last year’s figure by “only” 3.0% in real terms. In recent years, civil engineering projects has generated more than 50% of the country’s total construction output annually, with the share amounting to 52.7% in 2011 and forecasted to increase slightly this year. The residential construction segment was responsible for 22.8% of the total construction output recorded in Russia in 2011, this figure being expected to rise to 23.9% in 2012.

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