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

  • New Midtown Tunnel open in Virginia
    January 30, 2017
    A project to construct the second Midtown Tunnel link in the US state of Virginia alongside the original connection has taken an important step forward – Mike Woof writes Commuters in the US state of Virginia will be pleased that the new Midtown Tunnel is now open to traffic, as it will help to boost capacity and cut congestion on the busy US 58 route connecting Norfolk and Portsmouth. The 1.13km tunnel link has been built to link with the interchange at Brambleton Avenue and Hampton Boulevard in Norfolk
    Read More
  • Peru is planning massive infrastructure investment
    July 12, 2013
    Massive plans for infrastructure investment have been revealed in Peru. The country’s transportation and communications ministry, MTC, intends to invest some US$20 billion in infrastructure by 2016. Public private partnerships will be used to develop many of the planned projects. Transport infrastructure figures heavily in the plans, with spending on highways, the Chinchero-Cuzco airport and Callao’s Jorge Chávez airport, and additions to Lima’s metro network. One of the key road projects will be for the Lo
    Read More
  • China’s Ningxia Hui region plans transport development
    February 1, 2017
    A huge budget for transport development has been set by the authorities in China's Ningxia Hui autonomous region. The US$3.2 billion (RMB 22 billion) budget for 2017 represents a 13.8% increase over the figures for 2016, revealing the extra focus being given to upgrading the region’s transport network. Of the budget, $1.454 billion will be used to boost the region’s network of highways. The Ningxia Hui autonomous region is located in the north of China and has a comparatively low population density, so this
    Read More
  • Costa Rica spending on developing routes
    September 11, 2018
    The Costa Rican Government is setting out plans for a series of road repair and upgrade projects. Several key routes have been identified as being in major need of improvement works. These include roads linking the capital, San Jose, with Cartago, Limon, San Ramon and San Carlos. Some US$350 million will be used to carry out the road projects. In all the Costa Rican Government has set a budget of $4.6 billion for infrastructure works. Of this $20 million is being directed towards work on the San Carlos road
    Read More

Highlighted Content