Public-private partnership (PPP) in Russia

IT PPP

Main article: Public-private partnership (PPP) in the field of ICT and space technologies

History

2024-2025: Investments in PPP projects in Russia reached a record ₽2,3 trillion

The volume of contracted investments in public-private partnership projects in Russia reached a historic high of ₽2,3 trillion in 2024. The record figure was achieved thanks to the conclusion of the largest concession agreement for the construction of a high-speed highway. This was announced by Natalya Morshchikhina, director of the department of financial and banking activities and investment development of the Ministry of Economic Development of Russia, in October 2025.

In 2022 and 2023, the volume of investments in PPP projects amounted to about ₽900 billion annually. The construction of a high-speed highway has become a systemic megaproject that will have a significant impact on the development of regions and related sectors of the economy.

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Фото: iStock

In the three quarters of 2025, 142 new agreements worth ₽246 billion were concluded in the public-private partnership and concessions market. Among the largest transactions are two concessions of Moscow for the construction of roads with a total investment of ₽185 billion.

As of October 1, 2025, more than 4.4 thousand agreements in the field of concessions and PPPs are under creation, operation or successful completion. Total investments in these projects reached ₽7,4 trillion. Private funds account for about 72% of the total investment - ₽5,3 trillion.

Natalia Morshchikhina emphasized the multiplicative effect of the PPP instrument and concessions. According to her, one ruble of budget investments accounts for three to four rubles of equity and borrowed capital of private investors.

The structure of investment by industry demonstrates the dominance of the transport sector. The largest share of investments - about 66% - goes to the transport industry. These are projects of high-speed highways, the development of a network of toll roads and urban electric transport. In second place is housing and communal services with a share of about 16%. The social sphere closes the top three with an indicator of about 15% of all investments.^[1]

2022: Investment in PPP projects in Russia reached a maximum

According to the analytical credit rating agency (ACRA), 765 billion rubles were invested in projects based on public-private partnership (PPP) in Russia, which went through commercial closure by the end of 2022, which is the highest figure since 2018. In 2021, the volume of investments was measured at 532 billion rubles, according to a study published in March 2023.

As Vedomosti writes with reference to the ACRA report, the growth in investments in PPP projects in 2022 is associated with an increase in public investment in infrastructure. Federal spending on infrastructure projects in 2022 increased by almost 35% year-on-year, and the volume of construction work carried out in 2022 in Russian regions increased by 5% compared to 2021, the researchers note. According to them, such dynamics emphasize the relevance of the task of expanding the forms of attracting private investment in infrastructure projects.

Investments in PPP projects in Russia have reached a maximum

In total, in 2022, 336 contracts were concluded on the basis of PPP, in most cases - concessions. This is the maximum in three years and 22% more compared to 2021.

The largest projects, the commercial closure of which took place in 2022, were the construction of the Alekseevskoye - Almetyevsk highway as part of the Shali - Bavly toll road in Tatarstan (83.7 billion rubles), the project of the cancer center in Perm (17.7 billion rubles), a project of a universal sports complex with artificial ice in Nizhny Novgorod (16.1 billion rubles), a project for the construction of a cold water supply system in Blagoveshchensk (12.6 billion rubles) and the project of urban electric transport in Kursk (12.4 billion rubles)Alfiya Vasilyeva, deputy director of the ACRA structured and project financing rating group, told the publication.^[2]

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