Russian transport budget established

Russia is setting out its budget plans for transport infrastructure investment. In all a healthy US$43.92 billion is being planned for transport infrastructure development in Russia during the 2016-2018 period. This will be used to maintain and repair existing routes as well as to develop new links. Road projects figure highly in the spending although investments will also be made into rail and air transportation.
July 27, 2015 Read time: 1 min
Russia is setting out its budget plans for transport infrastructure investment. In all a healthy US$43.92 billion is being planned for transport infrastructure development in Russia during the 2016-2018 period. This will be used to maintain and repair existing routes as well as to develop new links. Road projects figure highly in the spending although investments will also be made into rail and air transportation.
Finance & Funding

Related Content

  • Chile’s transport budget unveiled
    May 15, 2018
    Chile has announced a major development in its transport network, with a budget being set for infrastructure growth. The current administration plans to spend US$2 billion on upgrading the country’s transport links, including roads and highways, airports and urban/underground rail. New plans are being set for the tenders for eight highways with their current concessions due to come to an end within the coming three years. The concessions involved in these tenders will be for some 1,500km of roads in all.
    Read More
  • Business confidence
    June 10, 2019
    Business confidence in construction looks healthy in many countries around the world. Transport infrastructure remains a high priority for construction activity around the globe. China is continuing to develop its own internal transport network, while also funding a massive programme of works under its Belt & Road plan. The impact of the Belt & Road programme is being seen in Asia, Russia and also parts of Africa, with the aim of unlocking economic activity by boosting transport connections, whether by road
    Read More
  • Russian roads in Siberia to be revamped
    October 30, 2018
    A series of road projects are to be carried out in Russia’s Irkutsk Region in Siberia during 2019. The plans call for 175km of roads to be rebuilt in 2019, with the budget for the work set at US$105 million. This represents a substantial gain in road repairs over the 2018 plan, for which the budget has been just $60 million. For the 2019-2024 period, a road repair plan of $1.32 billion is being set for the Irkutsk Region.
    Read More
  • Russian road rebuilding programme
    July 20, 2018
    The Russian Ministry of Transport is setting out a major programme of transport infrastructure improvements, with a budget of US$175.56 billion being planned. Russia has 511,000km of regional and municipal roads at present, around 43% of the country's total network. The aim is to increase the percentage of roads with federal and municipal status to 50%, which will require around 40,000km of roads to be upgraded by 2024. The Russian Federal Government will give the regional authorities the necessary funding
    Read More

Highlighted Content