Russia is setting out a new road development budget

Russia is setting out plans for development of its transport network, with road construction and maintenance amongst the areas being prioritised. The new plan will run from 2016-2021 and has been established by the Transport Ministry. In all the country intends to spend close to US$90 billion developing transportation. The construction of new federal highways and rebuilding of existing links will be high on the agenda for action. During 2016, the plans call for 360km of new motorways opening for traffic.
June 13, 2016 Read time: 1 min
Russia is setting out plans for development of its transport network, with road construction and maintenance amongst the areas being prioritised. The new plan will run from 2016-2021 and has been established by the Transport Ministry. In all the country intends to spend close to US$90 billion developing transportation. The construction of new federal highways and rebuilding of existing links will be high on the agenda for action. During 2016, the plans call for 360km of new motorways opening for traffic.

At present there is concern in Russia that many of the country’s federal roads do not meet requirements with regard to safety. But the plan includes improvements to key routes to boost safety standards in line with regulations. Work will be carried out to 3,000km of roads in 2016 and 5,900km in 2020.
Finance & Funding Road Structures

Related Content

  • Implementation of road building projects in Russia’s Moscow may be significantly delayed
    May 15, 2014
    Implementation of some large-scale investment projects for road building in Russia’s capital Moscow may be significantly delayed A series of major documentation issues are the cause of the problem. These have delayed projects for up to nine tenders on the total sum of US$2.6 billion (95 billion rubles), with anomalies having been found by the Russian Federal Anti-Monopoly Service.
    Read More
  • Report reveals Russia requires heavy road investment
    May 18, 2012
    A report by Goldman Sachs reveals Russia’s requirement for further infrastructure investment. The report, Russian Infrastructure and Construction, shows that investments in transport corresponded to 1.5-1.7% of GDP in 2005-2010. For Russia’s total infrastructure needs, including power networks and communications, spending equated to 3.7-4.3% of GDP. But the report shows Russia should allocate at least 3.5-4.5% of its GDP to infrastructure while maintenance of existing infrastructure should make up about 50%
    Read More
  • New network development for Azerbaijan
    September 3, 2012
    Major road development is underway in Azerbaijan at present, with network expansion needed to help capitalise on the country’s strong extraction industry. The country’s Ministry of Transport has said that 225km of roads have been built in the first half of 2012. This construction work has required investments of close to US$901 million.
    Read More
  • Romania develops road plan
    March 31, 2021
    Romania has developed a road improvement plan.
    Read More

Highlighted Content