Peculiarities of Financing Road Activities in the Arctic Region: the Experience of the Murmansk Oblast

Abstract

The article presents the results of a study of the peculiarities of financing the road economy of the Murmansk Oblast — the Arctic region, the development of transport, including road, infrastructure of which acquires particular importance in the light of the implementation of national interests and priority directions of Russian state policy in the Arctic. In the course of work, the author considered the dynamics of spending funds from the Road Fund of the Murmansk Oblast for 2012–2020. It has been determined that the existing volume of financing of the regional road infrastructure does not allow the region to fully implement the tasks of developing road infrastructure and improving the quality of highways (primarily local ones). It is concluded that additional funds are needed to finance the road infrastructure of the Arctic regions, including through the use of public-private partnership mechanisms. The results of the study can be used in the formation of a policy in the field of road facilities in the Murmansk Oblast, as well as in further research on the financial support of road activities and the functioning of road funds.

Keywords

• murmansk oblast
• arctic region
• road facility
• road fund