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

Related Content

  • Russia’s key bridge link for Kerch Strait
    February 27, 2018
    Russia’s Ministry of Economic Development has said that the Kerch Bridge now looks likely to open to traffic in December 2018. In addition to the bridge, the highway connections should also be complete within the same timeline. The Kerch Strait bridge crossing is of key importance to the area and will help reduce journey times for drivers, as well as reducing transport costs considerably. Construction has not been without its challenges due in part to the fierce winter conditions. This is not the first
    Read More
  • Transstroy improving Russia’s aviation infrastructure
    January 21, 2014
    Aviation is playing an important role in developing Russia’s economy and resolving socio-economic issues. It’s particularly important for the country’s role as an international and domestic hub, ensuring the transportation of residents from remote regions
    Read More
  • Major road plans are being set for Russia’s two key cities
    May 14, 2012
    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.
    Read More
  • Investing in East Africa's road sector to boost economic development
    April 14, 2020
    Investments in East Africa’s road sector are helping drive economic development as well as political stability
    Read More

Highlighted Content