Russia’s record road budget

Russia plans to spend a record amount on developing its road and transport network for the 2019-2021 period. The country’s Ministry of Economic Development is setting a state financing budget of over US$84 billion. This is the largest sum that Russia has directed towards road spending over the last 10 years. One of the key projects will be the upgrading of the Kerch-Sevastopol highway, which is expected to cost $1.6 billion. New transport hubs for Murmansk and Novorossiysk as well as airports will also be
December 17, 2018 Read time: 1 min
Russia plans to spend a record amount on developing its road and transport network for the 2019-2021 period. The country’s Ministry of Economic Development is setting a state financing budget of over US$84 billion. This is the largest sum that Russia has directed towards road spending over the last 10 years.


One of the key projects will be the upgrading of the Kerch-Sevastopol highway, which is expected to cost $1.6 billion. New transport hubs for Murmansk and Novorossiysk as well as airports will also be included in the transport plans.

Finance & Funding

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