Russian road tax plan

The Russian Government looks set to draft new laws covering funding of the road network.
March 5, 2012 Read time: 1 min
The Russian Government looks set to draft new laws covering funding of the road network. The new funding model will be set up to finance construction and maintenance of Russia's highway system and may be adopted in the March-April 2011 period, ready for the new fiscal year. The draft laws lay out a new scheme of financing, which will simplify procedures to pay for road construction. The plans specify that a percentage of excise taxes from oil and lubricants and transport will be used as a source for regional road funds. Russia's Federal Road Fund has a fixed budget of €6.33 billion (US$8.62 billion). The rest will be transferred to the fund at the expense of additional fuel excise taxes. The predicted tax being collected in 2011 is expected to reach €2.1 billion, ?2.2 billion in 2012 and €3.51 billion in 2013. The road companies Rosavtodor and Avtodor will benefit from the Federal Road Fund.

Related Content

January 14, 2019

Russia new programme for developing high-speed roads

Russia has approved a new state programme for the development of its high-speed road network – Eugene Gerden reports The Russian government has officially approved a new state programme, which is aimed at developing the federal high-speed road network in the country. This programme will run until 2030, according to recent statements by the official state press-service. According to some leading Russian experts in the roadbuilding sector, the need to implement these plans is acute. At present the tota
July 20, 2018

Russian road rebuilding programme

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
boombox1

Highlighted Content

boombox2