Tuesday, 02 January 2024 12:17 GMT

Russia Reveals USD112B Plan for Road Overhaul


(MENAFN) Russian Prime Minister Mikhail Mishustin has signed a government decree greenlighting a sweeping update to the country's road infrastructure strategy spanning 2026 to 2031, the Russian government announced Tuesday.

Operating under the nationally designated "Infrastructure for Life" project, the plan sets an ambitious target of constructing and reconstructing in excess of 2,000 kilometers of federal and regional roads before the close of 2031, with the primary objective of broadening Russia's core transport network.

The initiative places particular emphasis on road development tied to master urban plans across the Far Eastern Federal District and the Arctic zone — regions long identified as strategic priorities for Moscow. Among the newly incorporated projects are bypass road constructions serving several cities, including Orenburg and Baykalsk, alongside the modernization of critical segments of the M-5 Ural and R-504 Kolyma highways.

The government confirmed that federal financing committed to these activities will total 9.1 trillion rubles — approximately 112 billion U.S. dollars — representing one of the largest infrastructure outlays in the country's recent history.

Beyond intercity and federal corridors, the plan also earmarks resources for upgrading municipal road networks within major urban agglomerations and for developing supporting infrastructure aligned with Russia's expanding tourism industry.

The decree signals Moscow's intent to press ahead with large-scale domestic investment as it seeks to reinforce connectivity across its vast and geographically challenging territory.

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