Road toll collection to continue in China

Image
IANS Beijing
Last Updated : Jul 22 2015 | 1:48 PM IST

Toll collection will continue in China, the authorities said.

China's Ministry of Transport (MOT) has begun soliciting public opinion on a revised regulation for toll roads, saying that the country will continue to collect tolls on highways.

The previous regulation allows road construction to be financed by tolls that may be collected for up to 30 years, reported Global Times.

The revised version released on Tuesday said that for extremely costly projects, the toll collection period could exceed 30 years.

Ministry spokesperson Xu Chengguang said China only had 34,288 km of highway in 2004, but a decade later the network had gone up to 112,000 km, the world's largest.

Toll highways account for about three percent of the road system, the officials said.

"It is unlikely that toll collection will stop, given the large debt that is outstanding for highways," Zhao Jian, a professor at Beijing Jiaotong University, told the Global Times on Tuesday.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 22 2015 | 1:36 PM IST

Next Story