Volgograd authorities to allot over US$231 million for roads in 2013
The Volgograd region (South) authorities will allot over US$231 million (RUB 7bn) for roads in 2013. A total of $82.64 million will be provided for construction, about $92.56 million for repairing and maintaining regional road facilities.
January 23, 2013
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The Volgograd region (South) authorities will allot over US$231 million (RUB 7bn) for roads in 2013. A total of $82.64 million will be provided for construction, about $92.56 million for repairing and maintaining regional road facilities.
Moscow’s government is looking into the possibility of exempting developers from taxes on the funds they invest in building and repairing roads in the Russian capital.
The current regulations require developers, which fund road construction, to make donations to the local road fund. The donations may not be included in construction costs and are subject to income tax of 20%. If the regulations are amended, the Moscow budget's one-time shortfall in income will be €60.65 million (RUB 2.87 billion) to €121.3
Targets are being set for road investment, construction and repairs in Russia. To meet the country’s infrastructure needs, Russia’s National Association of Builders estimates that some 1,500km of roads must be built/year. Meanwhile the highway authorities in Moscow are aiming to repair around 33% of the city’s road surface every year. Some 23.6 million m2 of road surface will be repaired in Moscow during 2012, compared with 24.7 million m2 in 2011.
The Canadian city of Montreal has put road and waterworks repairs at the heart of its capital works programme for 2014-2016.
The programme, covering almost US$3.62 billion (CAD 3.8 billion) in infrastructure expenditure priorities, is lower by $287.61 million (CAD 300 million) compared to the one presented in 2012. It is due, if approved, for implementation from mid-September 2013
Nearly 75% of the capital works programme is allotted for maintenance and repairs, while new developments account for the
The authorities in Russia’s Astrakhan Region intend to boost road investment in 2013. Over US$289 million is being budgeted for road repair and construction during 2013. This represents a three-fold increase over the sum spend on road repair and construction in the Astrakhan Region during 2012. The priority project is for construction of the new Astrakhan-Makhachkala road, which is financed by Russia’s Federal budget.
