Introduction: "The figure of 66.1 billion yuan exaggerates the loss situation of the national toll roads, because the bank loan period is inconsistent with the road toll period, resulting in the annual repayment amount higher than the toll road tolls calculated according to the charging period." Said.
According to data released by the Ministry of Communications, the total loss of the national toll road in 2013 was 66.1 billion yuan. “The figure of 66.1 billion yuan exaggerates the loss situation of the national toll roads, because the bank loan period is inconsistent with the road toll period, resulting in the annual repayment amount higher than the toll road tolls calculated according to the charging period.” Said.
Toll roads are cash cows with ample cash flow. A toll road requires a fee of 25 years or 30 years. It considers various factors such as financing costs, debt service, operating and maintenance costs, and price increases. However, the toll road will be charged when the toll road expires. The Regulations have become extremely unscientific. According to industry insiders, the important excuse from the Ministry of Communications to the local transportation department to extend the charging period is to make ends meet and lose money. This is actually an exaggeration.
According to the 2013 National Statistical Bulletin of Toll Roads, in 2013, the balance of revenue and expenditure of the national toll roads was negatively calculated at 66.1 billion yuan, or an overall loss of 66.1 billion yuan. Among them, the government repaid the road with a loss of 56 billion yuan, the operating road loss of 10.1 billion yuan; the highway loss of 61.8 billion yuan.
Bank loans are the main form of road financing. According to the 2013 National Toll Road Statistical Bulletin, as of the end of 2013, the total investment in the construction of toll roads nationwide was 544.32 billion yuan (excluding cancelled toll roads). As of the end of 2013, the accumulated debt-to-debt investment of the national toll roads was 3.7556 billion yuan, accounting for 69.0% of the total construction investment of toll roads. Among the accumulated debt capital investment, bank loans amounted to 3.516 billion yuan, and other debts reached 239.5 billion yuan, accounting for 93.6% and 6.4% of accumulated debt capital investment, respectively.
Repayment of principal and interest in the toll road expenditures accounted for the bulk. In 2013, the National Toll Road Statistical Bulletin of 2013, the national toll road toll revenue was 365.2 billion yuan. The total expenditure of the national toll roads was 431.3 billion yuan. Among them, the debt service expenditure was 314.7 billion yuan, accounting for 86.2% of the toll revenue of the year. This is equivalent to a toll of 10 yuan for each charge, 8.62 yuan for repayment of debt principal and interest, 1.07 yuan for road maintenance, 0.59 yuan for tax expenses, 1.25 yuan for operation management, and other expenses of 0.29 yuan. The overall balance of payments results in a negative of 1.82 yuan.
“Toll road losses are exaggerated. Bank loans and bond issuance are all within 15 years, while toll roads are generally charged for 25 to 30 years. These two periods do not match, but at the time of returning each year According to the average financing period, it is equivalent to paying the principal of the last 10 years in advance. It can also be said that after the bank loan is completed, the operation and maintenance expenses are eliminated, and the toll revenue of the toll road is the net profit. The credit road should be considered to reduce the toll rate standard," said the relevant person in the Ministry of Communications.

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