Russian road tax plan

The Russian Government looks set to draft new laws covering funding of the road network.
March 5, 2012 Read time: 1 min
The Russian Government looks set to draft new laws covering funding of the road network. The new funding model will be set up to finance construction and maintenance of Russia's highway system and may be adopted in the March-April 2011 period, ready for the new fiscal year. The draft laws lay out a new scheme of financing, which will simplify procedures to pay for road construction. The plans specify that a percentage of excise taxes from oil and lubricants and transport will be used as a source for regional road funds. Russia's Federal Road Fund has a fixed budget of €6.33 billion (US$8.62 billion). The rest will be transferred to the fund at the expense of additional fuel excise taxes. The predicted tax being collected in 2011 is expected to reach €2.1 billion, ?2.2 billion in 2012 and €3.51 billion in 2013. The road companies Rosavtodor and Avtodor will benefit from the Federal Road Fund.

Related Content

  • Brenner Tunnel financing solution suggested
    March 20, 2015
    The Brenner Base Tunnel could be financed by highway users according to a proposal by the Italian Ministry of Transport. The authorities in South Tyrol have suggested that the EU may forego new tenders and recalculate the concession period so that it is for a longer timeframe. This would be of benefit both to the Italian Government (which has budgetary restraints), and the EU. Highway operator Brennerautobahn, in which the Italian regions of Trentino and South Tyrol have a 32.2% stake, already provides €30
    Read More
  • Russian roads in Siberia to be revamped
    October 30, 2018
    A series of road projects are to be carried out in Russia’s Irkutsk Region in Siberia during 2019. The plans call for 175km of roads to be rebuilt in 2019, with the budget for the work set at US$105 million. This represents a substantial gain in road repairs over the 2018 plan, for which the budget has been just $60 million. For the 2019-2024 period, a road repair plan of $1.32 billion is being set for the Irkutsk Region.
    Read More
  • Funding for Belarus road project
    May 18, 2016
    Funding for a key project in Belarus could be supplied by the European Bank of Reconstruction and Development (EBRD). Financing is required for the reconstruction of the M10 highway in Belarus, which runs from Kobrin through Gomel to the Russian border. The EBRD will consider options once the results of the tender have been revealed. The private sector looks likely to take part in the project, which is conceived as a PPP scheme, the first for Belarus. The project will be handled under the concession mode
    Read More
  • Regensburg road revamp will widen key stretch
    February 16, 2018
    Work is now commencing on widening a stretch of the A3 Autobahn where it passes through the Bavarian city of Regensburg. The 15km section of the A3 will be widened from its present two lanes to three lanes. The project is costing €270 million and will be carried out on the section from the junction between the A3 and B8 at Rosenhof to the east of Regensburg and running 15km westwards, past the junction with the A93 Autobahn route that connects with the A9 and Munich to the south. This work is needed as the
    Read More

Highlighted Content