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Majority of China's tollways teeter on debts

By Xu Wei  (China Daily)

07:52, October 18, 2011

Vehicles warit at the Langdong Tollgate on the Guiin-Beihai Highway in Nanning, capital of the Guangxi Zhuang autonomous region, earlier this month. (Photo/Xinhua)

BEIJING - Traffic authorities in at least 16 provinces have released financial reports on their tollways, with most showing the road ways are heavily in debt.

As part of a year-long campaign targeting illegal toll collections which have led to many complaints by the public, 31 provinces, municipalities and autonomous regions on the Chinese mainland were asked to investigate toll roads and make the findings public.

The future of toll roads in China has been hotly debated in recent years and Zhang Zhuting, a member of the Ministry of Transport's legal consulting committee, said the new information will help the central government formulate policies.

On Monday, reports released by the 16 provincial authorities indicated they owe a total of 1,268 billion yuan ($199 billion) for construction of the toll roads, but they earned only 170 billion yuan from toll collections last year.

Most toll roads in these provinces and municipalities suffered losses in 2010, with only four provinces and municipalities, including Beijing, recording profits.


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Email|Print|Comments(Editor:张茜)

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See at 2011-10-1860.50.4.*
No company collecting toll in hugh debt in our country unless the company misused of the colletion or using the collection money to do other business The toll comany should be audited by qualified accountant and must public in the local newspaper after receiving the account from the account"s firm.
  

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