 This labor force was responsible for the construction of the entire infrastructure in the area, including the construction of Egvekinot, the nearby village of Ozyorny, and the village of Iultin, as well as the road linking the mines to the new port, the power station, warehouses, and residential and industrial buildings.As a result of this, the settlement became quite an important hub causing the population to grow to over 5,000 by the late 1980s.However, when the mining complex was closed in 1993, the economy of Egvekinot suffered with the population falling rapidly throughout the 1990s, although the 2010 Census details indicate a slight recovery in recent years.