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

  • Russian ring road
    February 27, 2012
    A new southern bypass is planned for Yekaterinburg in the Ural mountain area of Russia.
    Read More
  • US state of Ohio investigates road fund alternatives
    June 15, 2012
    The authorities in the US state of Ohio continue to investigate new methods of generating revenue for highway investment. The state is facing a funding shortfall of up to US$1.6 billion on its highway maintenance and expansion plans to meet traffic volume needs. As a result, the Ohio Department of Transportation (ODOT) is moving forward with a plan to explore the commercial development of certain state-owned rest areas. The state is pursuing the conversion to service plazas of five of the state’s 59 non-int
    Read More
  • TRA 2014 showcases the best of cutting-edge transport research and thinking
    July 1, 2014
    Despite tight finances due to the current global economic climate, the recent Transport Research Arena (TRA) 2014 show in Paris showed how innovative transport research, largely using cutting-edge ITS, is creating safer and smarter highways of the future. Guy Woodford reports How far can you drive around a car race track with no other vehicles on it on half a glass of fuel while attempting to maintain a speed of 60kph? After taking up the challenge offered by the Eco Driving Simulator using SiVIC (Simulatio
    Read More
  • EBRD continues supporting infrastructure investment
    January 21, 2014
    The European Bank for Reconstruction and Development (EBRD) says it has provided strong support to emerging economies in 2013. Much of this investment has been into transportation infrastructure, which the EBRD sees as being crucial for development and to help emerge economies into growth. Total investments for the year across all of the regions where the EBRD is active amounted to €8.5 billion, according to preliminary estimates, compared with financing of €8.9 billion the previous year. These investments
    Read More

Highlighted Content