On January 2nd, the information released by the Shandong Provincial Communications Department on its official website showed that in 2013, the Shandong Provincial Government repaid the expressway with a loss of 13.879 billion yuan. For the multiple road tolls are about to expire, Shandong Provincial Communications Department clearly stated that it tends to continue the current charging policy.
According to reports, as of the end of 2013, Shandong Province had a total of 4,994 kilometers of expressways. Among them, the government repaid the highway 3,153 kilometers and the operating highway was 1,841 kilometers. In 2013, the Shandong Provincial Government repaid the total toll revenue of highway vehicles by 10.392 billion yuan, with a total expenditure of 24.271 billion yuan. The balance of income and expenditure in that year was -138.79 billion yuan.
Earlier, the loss of the national toll road announced by the Ministry of Transport in 2013 was 66.1 billion yuan. Based on this calculation, the loss of Shandong's repayment-only highways already accounts for 21% of the losses on all toll roads in the country.
Shandong Provincial Communications Department said that by the end of 2015, 15 projects will reach a 15-year deadline. According to the Toll Road Management Regulations, tolls will be stopped after 15 years of toll road charges. In response, the Shandong Provincial Communications Department said that the revision of the "Regulations" has become a consensus, and in fact, various related work is being carried out. "Before the new regulations are not implemented, we are currently inclined to continue the current charging policy, and the new method will be implemented after the new regulations are issued by the state."
The Shandong Provincial Communications Department said that “the law is not retroactive†as a basic legal principle. Some experts believe that the government’s repayment highways opened before the promulgation of the “Regulations†in 2004 do not apply for 15 years. ".
The Shandong Provincial Communications Department also said that as the "Highway Law" of the "Regulations", there is no specific charging period for the government repayment highway. Only the principle of repaying loans is clarified. “This makes the place different in understanding and implementation, and the views are different, but there is no subjective intention to violate the regulations.â€
Different from the high-speed loss of 13.897 billion yuan in Shandong Repayment, in 2013, Shandong Expressway Co., Ltd. realized a net profit of 2.322 billion yuan.
Shandong Expressway is one of the enterprises operating the expressway in Shandong Province. It operates a 807km expressway in Shandong Province. It also includes a toll bridge such as the 64km National Highway 104 from Taian to Qufu and the Jinan Yellow River Bridge. Outside Shandong, Shandong Expressway operates 39km and 132km highways in Henan and Hunan respectively.
Shandong Expressway's 2013 annual report shows that the company's net profit for the year was 2.322 billion yuan, an increase of 17.73% compared with 1.973 billion yuan in 2012. According to the financial report, Shandong Expressway's road and bridge toll revenue in 2013 was 5.511 billion yuan, with a gross profit margin of 65.24%.
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