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

  • China plans important construction machinery show in Changsa for May 2019
    January 8, 2019
    An important construction machinery exhibition for the global equipment market is being planned for the Chinese city of Changsha in May 2019.
    Read More
  • Nepal plans road improvements
    February 27, 2012
    The Nepalese Government looks set to increase its transport budget for the next fiscal year.
    Read More
  • Major road investment planned in Zambia
    September 26, 2012
    A huge investment is planned in a series of road projects in Zambia. The country’s government intends to spend close to US$5.6 billion over the next five years on road construction. Because Zambia has an extensive copper mining industry the country has benefited heavily from strong demand for the metal, particularly from China. As a result it now has the financial resources to help improve the road network. The Zambian Government has also committed itself to building 2,300km of roads and spending $1.56 bill
    Read More
  • Call for Abstracts, for IRF Europe & Central Asia Regional Congress
    March 9, 2015
    Istanbul is often said to be where Europe meets Asia, geographically and culturally. This September the great city will also be the focus of the International Road Federation’s 1st Europe & Central Asia Regional Congress. The congress will be an exceptional opportunity for anyone, especially from Europe and Asia, involved in major road projects to connect and network with ministers, road agency heads and local government leaders. But time is running out to be among the prestigious speakers and presenters at
    Read More

Highlighted Content