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

  • Siberian highway improvement project planned
    May 12, 2021
    A massive Siberian highway improvement project is planned.
    Read More
  • Easing temporary highway danger
    February 22, 2013
    Some of the latest speedometer technology has been successfully trialled in French highway work zones, while tireless work continues across Europe and the United States to reduce the number of work zone deaths and serious injuries involving road workers and motorists. Guy Woodford reports The number of roadworkers being killed and seriously injured on England’s motorways and major trunk roads more than doubled between 2007 and 2010 – from no deaths and 14 serious injuries. This rise has led to to major camp
    Read More
  • UK creates Major Road Network designation for A-class highways
    July 10, 2017
    The UK government plans to create of a Major Road Network class of highway which would tap into the multi-million euro annual National Road Fund. Main roads that are now overseen by local authorities would share the National Roads Fund that is financed by the VED – vehicle excise duty - which was previously envisaged to be ring-fenced for national routes. The VED was around €6.6 billion for 2016-17. Roads covered by the strategy are the A-class highways. The deal is part of an investment strategy unveiled b
    Read More
  • Morocco’s road development benefits from increasing budget
    October 1, 2018
    Morocco’s road network is being expanded and developed significantly. This is benefiting from an increased budget for transportation infrastructure from the Moroccan Government. The country expects to spend US$2.99 billion on developing its road network during the 2018-2021 time period, reaching a figure of $747.5 million/year. This is a notable increase from the $694.1 million/year spent during the 2012-2017 period and even more so from the $533.9 million/year spent in the 2008-2011 period.
    Read More

Highlighted Content