From 2011, annual allocations of the state for maintenance of federal motor roads are to make RUR 120 billion, RF Transport Minister Igor Levitin told journalists according to Gudok.Ru. referring to Interfax.
"From 2011, federal roads are to be fully financed by the state, which is RUR 120 billion per year. In cases we fail to undertake modernization of a road, it is to transfer to a private investor considering transit options," Levitin said.
According to the minister, some RUR 9 trillion is to be allocated for Russia’s transport system development in 2010-2015. "We understand such resources are not available today but we plan that some 80% of the needed amount will be allocated from the federal budget with the rest to come from the investment fund and from private investors," Levitin said.
"As the infrastructure of paid roads develops the share of federal allocations is to decrease and after 2020-2030 we are likely to have a ratio of 60 - 40 for federal and raised money respectively," the minister said.