Natural resources to drive Russia infra growth

Freight railways, pipelines, ports and power generation projects will see the highest level of infrastructure growth in Russia over the coming years according to a new report .

Business Monitor has just released its Russia Infrastructure Report and the report identifies that infrastructure sector growth in Russia will be underpinned by the government's drive to develop its vast natural resources, especially in Siberia and the Far Eastern provinces.

The flagship is the multibillion dollar Eastern Gas Programme, which will cement Russia's economic pivot towards Asia. In light of the developments planned, especially in the oil and gas sector.

Other key issues addressed in the report include stating that the infrastructure projects surrounding the 2014 Winter Olympics and the 2018 FIFA World Cup continue to buffer wider sector growth and that the world largest PPP, the Western High Speed Diameter is still on track, with the remaining $1.2bn required for the first section to be supplied by the Russian government and state sponsors.