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

  • Albanian road investment
    May 15, 2012
    The European Bank for Reconstruction and Development (EBRD) is providing major funding in Albania’s road network. A loan worth €53 million will help pay for the construction of the new Fier and Vlore bypasses. This loan will aid further development of the Albanian road network and boosting economic integration in the country by co-financing the construction of the two bypass roads, located in south-western Albania. The EBRD loan is structured in two tranches and will be used by the Albanian Road Authority t
    Read More
  • UK Government considers charging for use of motorways
    February 12, 2013
    The UK Government is considering plans that could see motorists pay an annual fee of up to US$236.99 (£150) to use the country's motorways and trunk roads. The charges would be introduced as part of a move to reform vehicle excise duty, which currently raises $9.442 billion (£6bn) per year. Although the Government has dismissed the imposition of a flat-rate fee on those using the UK's largest roads, it has said that it is looking into introducing more sophisticated access charges. These would vary according
    Read More
  • UK sets out transport investment plans
    December 5, 2013
    The UK Government has released its National Infrastructure Plan 2013 (NIP2013) at an event held in London at the Institution of Civil Engineers (CIHT). The National Infrastructure Plan 2013 sets out the UK Government’s vision and strategic objectives for infrastructure by assessing the needs, now and in the future, setting out a policy approach, identifying priority projects and providing a plan for delivery. The scheme will fund improvements to the A50 around Uttoxeter starting no later than 2015 to 2016,
    Read More
  • Delays for key Brazilian road projects
    March 3, 2016
    A series of major road projects in Brazil now look set to be delayed. Key road widening projects works awarded between 2012 and 2013 may now take longer than the original five year deadline to complete. Six road concession projects were awarded in the period, totalling over 3,000km of roads to be extended or upgraded. The contracts require that at least 10% of the planned work must be complete before any tolls can be charged. This initial phase has been carried out, but later stages to expand the roads have
    Read More

Highlighted Content