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

  • Working towards safer India mobility...
    July 18, 2012
    Sibylle Rupprecht, IRF-GPC Director General, looks towards sound mobility management at the 3rd Regional Conference of the International Road Federation 3rd-4th October 2008 in New Delhi, India More than 1.2 million deaths and 23 million injuries are caused by road accidents worldwide every year. Of these, India accounts for 10% of fatal accidents. These alarming figures were disclosed by the speakers at the 3rd Regional IRF Conference on 'Mobility and Safety in Road Transport' to some 250 engineers and exp
    Read More
  • Indian State of Rajasthan sees highway development
    July 7, 2017
    India’s Rajasthan State is benefiting from new financing for its Highways Investment Programme. A loan facility will pay for highway development work in the state. Approval has been given from the Asian Development Bank (ADB).
    Read More
  • Yotta’s Horizons and Mayrise create a route map of the world
    September 14, 2016
    Simon Topp, director of international business at software developer Yotta, explained the need for having the best possible plan in place. Highways agencies and departments the world over face a raft of complex and difficult challenges when it comes to managing and maintaining their infrastructure assets. In some countries, where natural disasters or extreme weather events are endemic, good asset management will need to be supplemented by risk and resilience planning. In the US, for example, the Feder
    Read More
  • Pakistan’s new Karachi-Hyderabad highway
    September 23, 2024
    Pakistan is planning a new Karachi-Hyderabad highway
    Read More

Highlighted Content