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

  • New Midtown Tunnel open in Virginia
    January 30, 2017
    A project to construct the second Midtown Tunnel link in the US state of Virginia alongside the original connection has taken an important step forward – Mike Woof writes Commuters in the US state of Virginia will be pleased that the new Midtown Tunnel is now open to traffic, as it will help to boost capacity and cut congestion on the busy US 58 route connecting Norfolk and Portsmouth. The 1.13km tunnel link has been built to link with the interchange at Brambleton Avenue and Hampton Boulevard in Norfolk
    Read More
  • Ireland's budgert cuts impact on road projects
    May 14, 2012
    Ireland’s government is undergoing a period of belt-tightening, with a string of budget cuts that will directly impact on the transport sector. The country was in the process of spending heavily on its infrastructure but with the tough economic climate it is now facing, a number of road projects are among those facing the axe. The Irish government is slashing its infrastructure spending from €39.6 billion to €22.9 billion between now and 2013. This looks likely to result in 40 road projects, including hig
    Read More
  • Buying bitumen: do you know enough?
    December 2, 2014
    Changes to the way bitumen is produced and traded mean that traditional ways of specifying – and buying - it may not be enough - Frank Albrecht, MD of Albr3cht Supply Concepts, explained why to Kristina Smith Traditionally, we have specified bitumen using two values: the penetration (pen) and ring and ball figures which define the hardness of the bitumen and its softening point respectively. Taking that approach today is risky, warns Frank Albrecht, managing director of Albr3cht Supply Concepts. “It’s not
    Read More
  • US plans alternative energy sources for transportation
    April 26, 2012
    The US Department of Energy (DOE) has published its first Quadrennial Technology Review, which identifies six key strategies to address current energy challenges. Crucially the review indicates that among the transport strategies, the greatest effort will be devoted to electrification of light-duty vehicles. While in the fiscal year 2011 only 9% of DOE’s research budget went to electric vehicles, this field will be given greater support in the coming years with the view of reducing US oil dependency in the
    Read More

Highlighted Content