Business / Industries

66 billion yuan loss for China toll roads

( Updated: 2014-12-24 13:28

New stats released today shows the toll road network in China suffered losses of around $11 billion through the whole of last year.

The Ministry of Transportation says 2013 revenue hit 365 billion yuan.

However, expenditures topped 430 billion yuan.

The ministry says 80-percent of the money went to pay back loans, while the rest went into operational management and taxes.

Toll roads, considered generally expensive in China, have become the life-blood of China's transportation infrastructure network.

It's virtually impossible to take a trip by vehicle from one city to the next without having to pay a toll.

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