How big is the toll revenue and expenditure gap of toll roads in 20 17 years?

Sun Yonghong, deputy director of the Highway Bureau of the Ministry of Transport, said at a regular press conference on August 24th that the national toll revenue and expenditure gap in 20 17 was 402.65 billion yuan, a decrease of 2.8% from the previous year. The national toll revenue and expenditure gap is still large.

According to the statistical bulletin of national toll roads in 20 17 released by the Ministry of Transport on the 24th, the toll revenue of national toll roads in 20 17 was 581302 million yuan, an increase of 581700 million yuan or 2.8% over the previous year. The total expenditure was 915.67 billion yuan, an increase of 46.50 billion yuan or 5.3% over the previous year.

Where did all the money go? Sun Yonghong said that in the total expenditure in 20 17, the principal of debt repayment was 495.28 billion yuan, the interest on debt repayment was 249.57 billion yuan, the maintenance expenditure was 53.39 billion yuan, the highway and ancillary facilities reconstruction and expansion project was 537 million yuan, the operation and management expenditure was 62.76 billion yuan, the tax expenditure was 35.99 billion yuan, and other expenditures were 3.29 billion yuan.

The communique also shows that the national toll road debt scale continued to expand in 20 17. At the end of 20 17, the national toll road debt balance was 5,284.35 billion yuan, an increase of 8.8%. Among them, the year-end balance of bank loans was 4,567.42 billion yuan, and the year-end balance of other debts was 71693 million yuan, accounting for 86.4% and 13.6% respectively.

Sun Yonghong said that in 20 17, more than 75% of the new toll roads in China were expressway projects. As the cost of newly added expressways is much higher than that of the first-class and second-class highways that have expired to cancel tolls, the total accumulated construction investment of toll roads and the scale of borrowing debt principal are further expanded. The total investment in national toll road construction increased by 648.64 billion yuan, an increase of 8.6% over the end of last year. Among them, the principal of bank loans and other debts increased by 439.05 billion yuan, an increase of 8.4%.

Affected by the increase of expressway mileage and total investment, the debt balance of toll roads continued to rise, with a net increase of 428.88 billion yuan compared with the end of last year. Among them, the expressway increased by 423.24 billion yuan, the first-class highway increased by 27.24 billion yuan, the second-class highway decreased by 3.31billion yuan, and the independent bridge tunnel increased by117/billion yuan.