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Russia Infrastructure Report

Aug, 2016   |   72  Pages   |    BMI Infrastructure |   Format : PDF

BMI View: Russia's poor macroeconomic fundamentals, including a weak rouble exacerbated by international sanctions and a fiscal deficit driven by lower oil revenue, underpin our bearish outlook for the country's construction sector. Russia's residential and non-residential construction sector will be the primary victim of Russia's economic weakness and emerge as the clear underperformer, while the growth prospects for Russia's infrastructure sector are comparatively brighter on the back of a raft of high-value pipeline and transport projects.

Latest Updates And Structural Trends
-International sanctions, which were renewed by the EU in June for a period of six months, continue to weigh on our real growth forecast for Russia's construction sector, which we have revised downward to -2.25% from -1.84% for 2016. However, we note that, in our view, international sanctions are likely to be lifted or eased at some point in 2017, providing a limited degree of upside risk to our longer-term growth forecast.
-China will continue to emerge as the primary external financier of Russian infrastructure projects, as sanctions will largely preclude state-owned Russian banks from accessing global financial markets until at least January 2017. While China is investing across all areas of Russian infrastructure, it has been particularly active in investing in transport and energy projects throughout Russia's Far East th

BMI Industry View ... 7
Table: Infrastructure - Construction Industry Forecasts (Russia 2015-2025) . . 7
Table: Infrastructure Risk Reward Index (Russia 2016) 8
SWOT ...... 9
Infrastructure SWOT .... 9
Industry Forecast .. 11
Construction And Infrastructure Forecast Scenario ....... 11
Bleak Infrastructure Outlook To Continue In 2016 ...... 11
Table: Construction And Infrastructure Industry Data (Russia 2015-2025) . . . 12
Structural Trends ..... 12
Transport Infrastructure - Outlook And Overview 19
Table: Transport Infrastructure Industry Data (Russia 2015-2025) . . . . . 19
Structural Trends ..... 20
Table: Key Projects: Transport . 27
Energy And Utilities Infrastructure - Outlook And Overview .... 28
Table: Energy And Utilities Infrastructure Data (Russia 2016-2025) . . . 28
Structural Trends ..... 29
Table: Key Projects: Energy & Utilities . . . . 35
Residential/Non-Residential Building - Outlook and Overview . 36
Table: Residential and Non-Residential Building Industry Data (Russia 2015-2025) . . . . . 36
Structural Trends ..... 37
Government Policies To Support Housing Market ...... 41
Major Projects Table - Residential/Non-Residential Key Projects ..... 43
Table: Key Projects: Construction & Social Infrastructure . . 43
Industry Risk Reward Ratings 44
Russia - Infrastructure Risk/Reward Index . 44
Rewards ........ 44
Risks .... 44
CEE Infrastructure RRI: EU Funding Essential As Risks Deter Private Investors .... 46
Table: Infrastructure Risk/Reward Index . . . 51
Market Overview ... 52
Competitive Landscape ........ 52
Table: Competitive Landscape . . 52
Company Profile .... 55
Mostootryad No.19 .... 55
Strabag .. 57
Methodology . 65
Industry Forecast Methodology .... 65
Sector-Specific Methodology ........ 66
Risk/Reward Index Methodology ... 70
Sector-Specific Methodology ........ 71
Table: Infrastructure Risk/Reward Index Indicators . . . 71
Table: Weighting Of Indicators . 72