Russia Infrastructure Report

Published 04 August 2015

  • 87 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
$1,295.00
Russia Infrastructure Report

BMI View: We maintain our construction industry forecast for Russia in 2015 at -7. 0 % on the back of the increasing impact of international sanctions and weak oil prices. Western sanctions will create an opportunity for Chinese and Middle Eastern companies to increase their market share of Russia's construction market.

Key Trend And Developments

  • Russia's actions in Ukraine have resulted in sanctions from the EU which target loans from the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB). We expect these sanctions will have a significant impact on the Russian government's capacity to fund infrastructure projects.

  • Middle Eastern and Chinese construction companies will increase their market share in Russia's competitive landscape as a result of Western sanctions. Shifting the balance away from European firms will diversify Russia's options for funding and project delivery.

  • Our Country Risk team maintains a bearish outlook on the Russian economy, forecasting GDP growth of -4% for 2015. Russia's annexation of Crimea and perceived belligerence towards Ukraine, in addition to falling oil prices, have triggered significant rouble volatility and massive private net capital outflows. The flight of capital, which could have otherwise been deployed to productive investment domestically, has worsened the investment outlook.

  • In the energy infrastructure sector, the build-out of gas infrastructure to support supply to Turkish Stream was suspended in July 2015, indicating Gazprom is facing the realities of lower commodity prices and challenges in raising capital.

  • We maintain our view that political risk will continue to curtail construction industry growth as corruption is endemic and public policy remains opaque, convoluted and subject to frequent change.

BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Construction And Infrastructure Industry Data (Russia 2013-2018)
10
Table: Construction And Infrastructure Industry Data (Russia 2019-2024)
11
Industry Forecast Scenario
12
Transport Infrastructure - Outlook And Overview
18
Table: Transport Infrastructure Industry Data (Russia 2013-2018)
18
Table: Transport Infrastructure Industry Data (Russia 2019-2024)
19
Transport Infrastructure Outlook And Overview
20
Harsh Investor Climate
25
Major Projects Table - Transport
29
Table: Key Projects Database - Transport
29
Energy And Utilities Infrastructure - Outlook And Overview
38
Table: Energy And Utilities Infrastructure Data (Russia 2013-2018)
38
Table: Energy And Utilities Infrastructure Data (Russia 2019-2024)
39
Energy and Utilities Infrastructure Outlook and Overview
40
Major Projects Table - Energy & Utilities
46
Table: Major Projects Table - Energy & Utilities
46
Residential/Non-Residential Building - Outlook and Overview
51
Table: Residential and Non-Residential Building Industry Data (Russia 2013-2018)
51
Table: Residential and Non-Residential Building Industry Data (Russia 2019-2024)
51
Residential/Non-Residential Construction Outlook and Overview
51
Government Policies To Support Housing Market
57
Major Projects Table - Residential/Non-Residential Key Projects
58
Table: Residential/Non-Residential Key Projects
58
Industry Risk Reward Ratings
62
Russia - Infrastructure Risk/Reward Index
62
Russia Risk/Reward Index
62
Rewards
62
Risks
63
CEE Infrastructure RRI: EU Support Key For Rewards
64
Market Overview
69
Competitive Landscape
69
Table: Competitive Landscape
69
Company Profile
71
Mostootryad No
71
Global Industry Overview
73
Table: Infrastructure Key Themes 2015
73
Table: Asia: Key Reforms
78
Methodology
80
Industry Forecast Methodology
80
Sector-Specific Methodology
81
Risk/Reward Index Methodology
85
Sector-Specific Methodology
86
Table: Infrastructure Risk/Reward Index Indicators
86
Table: Weighting Of Indicators
87

The Russia Infrastructure Report features BMI Research's market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Russia Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Russian infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Russia to test other views - a key input for successful budgetary and planning in the Russian infrastructure market.
  • Target business opportunities and risks in the Russian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Russia.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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