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

  • Germany builds its first major PPI autobahn project
    July 7, 2015
    Rebuilding of one of the oldest motorways in Germany is testing out the possibilities for public-private project road construction reports Adrian Greeman A freshly renovated section of the A8 Autobahn in southern Germany will be watched with some interest this summer as traffic begins driving along its rebuilt carriageway and additional third lanes. That is not because of any special road features, other than a distinctive reddish colour to its concrete surface, but because it is a first fullscale public
    Read More
  • Ringway mobilising for €44.32million Herts CC contract in UK
    August 24, 2012
    Ringway, the leading service provider for Local Authority Highways Term Maintenance, is currently mobilising in preparation for its new Highway Service Term contract with Hertfordshire County Council. The seven-year contract (with a potential five-year extension) goes live on 1 October, 2012, and is estimated to be worth around €44.32 million (£35 million) in the first full fiscal year.
    Read More
  • Great opportunities in Asia, conference goers are told
    January 23, 2014
    Asia’s emerging economies will be building roads for the next two decades, delegates at a recent Argus Asian Bitumen conference in Singapore heard. That means there are big opportunities for suppliers of bitumen, related technology and risk management companies - Kristina Smith reports One of the strongest messages to emerge from the Argus Asian Bitumen conference held in Singapore earlier this year is the sheer volume of road building planned in the region. For many countries there are political and finan
    Read More
  • Western nations need to maintain roadway assets
    December 23, 2014
    In the western world, drivers have benefited over many years from road and highway networks connecting not just towns and cities, but remote rural areas also. The US Interstate network in particular shows how major investment in infrastructure can help fuel economic growth. Construction of the Interstate system commenced in 1956, with the new highways that were built and the transportation they provided contributing greatly to the economic power of the US ever since. In Western Europe too, highway links pro
    Read More

Highlighted Content