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

  • Road repairs and cost increases in Australia
    March 13, 2023
    Road repairs and cost increases for projects are being seen in Australia.
    Read More
  • OECD countries invest average 1% GDP on road/rail infrastructure
    July 11, 2013
    OECD (Organisation for Economic Co-operation and Development) countries investment in road, rail and inland waterway infrastructure as a percentage of GDP averages around 1%, according to new research by the International Transport Forum (ITF). The figure is contained in the ITF at the OECD’s 2013 annual statistics update ‘Spending on Transport Infrastructure 1995-2011: Trends, Policies, Data’, which is accompanied by a related database, released today.
    Read More
  • Key deals show strength of Tolling solutions sector
    September 26, 2013
    The world’s leading tolling solution providers have achieved significant deals in recent months emphasising the importance of their latest and proven technology. Guy Woodford reports Kapsch TrafficCom North America (Kapsch), part of Kapsch TrafficCom Group, has been awarded a five-year US$30 million contract by Canadian Tolling Company International (Cantoll). The contract will see the leading tolling technology manufacturer supply its next generation TDMA V6 Interior Transponder, also known as an onboar
    Read More
  • Successful Eurobitume conference in Istanbul
    June 26, 2012
    The Eurasphalt & Eurobitume 2012 event in Turkey has attracted record attendance figures - Mike Woof reports A strong focus on sustainability has been the focus for the 5th Eurasphalt & Eurobitume Congress held in June 2012 at Turkey’s Istanbul Lutfi Kirdar Congress Centre. The conference had as its theme: Asphalt, the sustainable road to success and attracted the highest ever number of attendees for this four yearly event. In one of the opening presentations Turkey’s transport minister, Binali Yildirim, sp
    Read More

Highlighted Content