— The article presents an analysis of spatial trends in the development of public–private partnership (PPP) in Russia. The analysis is performed on a large base of PPP projects and reveals the main spatial imbalances and contradictions, uneven development of PPP across regions of the Russian Federation, and prevalence of small projects. It is emphasized that improving the institutional environment of territories is important for intensification of PPP processes. The current distribution of PPP investments across the Russian Federation indicates that the goals of improving the population’s quality of life prevail over the national-economic goal of strengthening connectivity of the country’s territory.