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

  • 20% more visitors flock to CTT 2012/Conexpo Russia
    June 6, 2012
    Huge commercial opportunities for major construction equipment manufacturers sparked by large investment in new and existing Russian transport infrastructure attracted 20% more visitors and 15% more exhibitors to CTT 2012/CONEXPO Russia. Major global brands such as JCB, John Deere, Volvo Construction Equipment (CE), Komatsu, Liebherr, and Wirtgen were among the 911 construction equipment companies from 28 countries present for the five-day event covering more than 124,000m² at the IEC Crocus Expo in Moscow
    Read More
  • Nepal plans road infrastructure expansion
    March 12, 2014
    Major road expansion is planned for Nepal, but will face huge challenges due to the country’s geography - Mike Woof reports, with local information from World Highways' Nepal correspondent, Ram Krishna Wagle The tiny, landlocked nation of Nepal lies sandwiched between two of the world’s largest countries, China and India and maintains good relations with both. Politically Nepal has strong links with China, while culturally its ties are close with India and these relationships work both ways. Despite bein
    Read More
  • Road user charging, the way to highway investment?
    February 27, 2012
    Tough political decisions have to be made to ensure highway investment - *Dr Max Lay reports
    Read More
  • Road user charging, the way to highway investment?
    April 12, 2012
    Tough political decisions have to be made to ensure highway investment - *Dr Max Lay reports Our road systems and how we use them have changed dramatically over the last few centuries, and yet some problems persist and others reappear. For most of human history roads have been used by foot traffic and by cumbersome wagons hauled at walking pace. Roads were built to provide some obvious advantage in commerce or conquest. They were then grudgingly maintained by those who might gain some advantage from the
    Read More

Highlighted Content