There are currently 873 PPP projects underway in Russia, with the total volume of private investment topping RUB 640.3 billion. Most concessionary projects are in housing and utilities, and 2015 was a year of huge growth in the sector, with a tenfold increase in investment volumes over the previous year. How can this growth be explained and can the housing and utilities experience be applied to other sectors? Has the potential for international investment in the real economy been exhausted and what can be done to make such opportunities more attractive to foreign capital? Are additional measures needed to stimulate private investment in housing and utilities?