As part of collaborative expert and analytical work,
the Roscongress Foundation and InfraOne Research, the research arm of the
InfraOne group of companies, have released a new study titled ‘Investments in
Infrastructure 2020’. The multi-page document analyses the current state of the
market and its key trends and also offers a development forecast for 2020–2021.
The study can be viewed in the ROSCONGRESS.ORG Information
and Analytical System.
Budget expenditures on infrastructure totalled RUB 2
trillion in 2019, an increase of almost RUB 200 billion at current prices.
However, total budget investments as a percentage of GDP was only up 0.1
percentage point as of the end of 2019 — to 1.8%.
Analysts say the projects launched as part of the
decrees issued by the Russian president in May have not yet had a major effect
on the volume of funds invested in infrastructure. Federal funding is being
disbursed with delays, and private investors expect the government to provide
clarity on the projects that it plans to implement.
The study includes an updated version of the
national list of promising projects that could be launched in the next year or
three. The list includes 100 initiatives worth RUB 1.87 trillion. According to
analysts, 16 projects with investment of roughly RUB 290 billion are the
closest to being launched. Since the previous version of the list was published
in June 2019, several megaprojects have been taken off the list, as their
implementation has been pushed back beyond the next three years.
The transport sector is the leader on the list as
far as investment is concerned, accounting for 86% of all planned investments,
while the social sector leads the way in terms of quantity with 39 initiatives.
Most of the projects are planned at the regional level (62 projects), but
federal initiatives envisage the most investment at around RUB 986 billion.
The plans to launch these projects can be
implemented if there are no significant changes in the infrastructure
investment market and the legislation governing the market remains stable.
