USEUROPEAFRICAASIA 中文双语Français
Home / China

Network of roads drives up huge loss

By Zhao Lei | China Daily | Updated: 2014-12-24 07:51

China is experiencing a huge deficit generated by its construction and operation of the world's largest network of expressways, while members of the public continue to blast what they see as unreasonable tolls.

In 2013, local transport authorities and highway businesses across the Chinese mainland received toll revenue of 365.2 billion yuan ($58.4 billion), while their overall expenditure from building, operating and maintaining highways reached 431.2 billion yuan, the Ministry of Transport said on Tuesday in an annual report on toll highways.

Most of the 66 billion yuan deficit was due to bank loans and interest, which cost more than 314 billion yuan, according to the report.

Network of roads drives up huge loss

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US