According to the relevant provisions of the Regulations on the Disclosure of Government Information, after summarizing the statistical data of toll highways published by various provinces (autonomous regions and municipalities), the statistical summary results of national toll highways in 2020 are now reported as follows:
Overall information of toll highways
By the end of 2020, the mileage of national toll highways was 179,200 km, accounting for 3.45% of the total mileage of 5,198,100 km, including 152,900 km for expressways, 17,400 km for first-class highways, 7,900 km for second-class highways and 1,068 km for independent bridges and tunnels, accounting for 85.3%, 9.7%, 4.4% and 0.6% respectively.
The mileage of national toll highways increased by 8,149 km than the end of previous year, including the net increase of expressways up to 10,079 km, the net decrease of first-class highways up to 1,214 km, the net decrease of second-class highways up to 760 km, and the net increase of independent bridges and tunnels up to 44 km.
By the end of 2020, there were 965 mainline toll stations on national toll highways, a net decrease of 302 from the end of the previous year, including 484 expressways, 300 first-class highways, 122 second-class highways and 59 independent bridges and tunnels, accounting for 50.2%, 31.1%, 12.6% and 6.1% respectively.
By the end of 2020, the total cumulative construction investment of national toll highways was CNY 10,807.51 billion, a net increase of CNY 1,297.90 billion or 13.6% over the end of previous year, of which the cumulative capital investment was CNY 3,443.25 billion, accounting for 31.9%; and the cumulative debt capital investment was CNY 7,364.25 billion, accounting for 68.1%.
By the end of 2020, the debt balance of national toll highways was CNY 7,066.12 billion, an increase of CNY 912.59 billion or 14.8% over the end of the previous year, of which the balance of bank loans was CNY 5,830.75 billion, and the balance of other debts was CNY 1,235.37 billion, accounting for 82.5% and 17.5% respectively.
In 2020, the toll revenue of the national toll highways was CNY 486.82 billion, a decrease of CNY 106.97 billion or 18.0% over the previous year; The total expenditure was CNY 1,234.64 billion, an increase of CNY 155.87 billion or 14.4% over the previous year; The toll gap between revenue and expenditure was CNY 747.82 billion, an increase of CNY 262.84 billion or 54.2% over the previous year.
The total expenditures in 2020 included CNY 718.01 billion for the repayment of debt principal, CNY 306.13 billion for the repayment of debt interest, CNY 74.41 billion for the maintenance expenditure, CNY 31.20 billion for the expenditure on reconstruction and expansion projects of highways and ancillary facilities, CNY 75.54 billion for the operation and management expenditure, and CNY 29.36 billion for the tax expenditure, accounting for 58.2%, 24.8%, 6.0%, 2.5%, 6.1% and 2.4% respectively.
The total mileage of government repayment highways is 83,600 km, including 66,100 km of expressways, 13,200 km of first-class highways, 4,000 km of second-class highways and 204 km of independent bridges and tunnels, accounting for 79.1%, 15.8%, 4.8% and 0.2% respectively. Government repayment highways account for 43.2% of the mileage of toll highways.
The total cumulative construction investment of government repayment highways is CNY 4,580.33 billion, including CNY 4,168.01 billion for expressways, CNY 294.91 billion for first-class highways, CNY 22.21 billion for second-class highways and CNY 95.20 billion for independent bridges and tunnels, accounting for 91.0%, 6.4%, 0.5% and 2.1% respectively.
The total cumulative construction investment of government repayment highways included CNY 1,388.12 billion for the cumulative capital investment, accounting for 30.3%, and CNY 3,192.22 billion for the cumulative debt capital investment, accounting for 69.7%.
By the end of 2020, the debt balance of government repayment highways was CNY 3,299.16 billion, including CNY 3,068.48 billion for expressways, CNY 174.99 billion for first-class highways, CNY 7.74 billion for second-class highways and CNY 47.95 billion for independent bridges and tunnels, accounting for 93.0%, 5.3%, 0.2% and 1.5% respectively.
In 2020, the toll revenue of government repayment highway was CNY 172.54 billion, including CNY 163.76 billion for expressways, CNY 5.34 billion for first-class highways, CNY 590 million for second-class highways and CNY 2.85 billion for independent bridges and tunnels, accounting for 94.9%, 3.1%, 0.3% and 1.6% respectively.
In 2020, the total expenditure of government repayment highway was CNY 482.81 billion, including CNY 262.32 billion for the repayment of debt principal, CNY 145.44 billion for the repayment of debt interest, CNY 31.52 billion for the maintenance expenditure, CNY 8.24 billion for the expenditure on reconstruction and expansion projects of highways and ancillary facilities, CNY 30.55 billion for the operation and management expenditure, and CNY 4.73 billion for the tax expenditure, accounting for 54.3%, 30.1%, 6.5%, 1.7%, 6.3% and 1.0% respectively.
In 2020, the toll gap between revenue and expenditure of government repayment highways was CNY 310.27 billion, including CNY 294.61 billion for expressways, CNY 13.24 billion for first-class highways, CNY 200 million for second-class highways and CNY 2.22 billion for independent bridges and tunnels.
The total mileage of operating highways is 95,700 km, including 86,800 km of expressways, 4,100 km of first-class highways, 3,900 km of second-class highways and 865 km of independent bridges and tunnels, accounting for 90.7%, 4.3%, 4.1% and 0.9% of the mileage of operating highways respectively. Operating expressways account for 56.8% of the mileage of toll expressways.
The total cumulative construction investment of operating highways is CNY 6,227.17 billion, including CNY 5,923.78 billion for expressways, CNY 112.83 billion for first-class highways, CNY 20.37 billion for second-class highways and CNY 170.19 billion for independent bridges and tunnels, accounting for 95.1%, 1.8%, 0.3% and 2.7% respectively.
The total cumulative construction investment of operating highways includes CNY 2,055.14 billion for the cumulative capital investment, accounting for 33.0%, and CNY 4,172.04 billion for the cumulative debt capital investment, accounting for 67.0%.
The debt balance of operating highways is CNY 3,766.96 billion, including CNY 3,629.87 billion for expressways, CNY 52.52 billion for first-class highways, CNY 7.34 billion for second-class highways and CNY 77.23 billion for independent bridges and tunnels, accounting for 96.4%, 1.4%, 0.2% and 2.1% respectively.
In 2020, the toll revenue of operating highways was CNY 314.28 billion, including CNY 292.86 billion for expressways, CNY 3.17 billion for first-class highways, CNY 1.61 billion for second-class highways and CNY 16.64 billion for independent bridges and tunnels, accounting for 93.2%, 1.0%, 0.5% and 5.3% respectively.
In 2020, the total expenditure of operating highways was CNY 751.83 billion, including CNY 455.68 billion for the repayment of debt repayment principal, of CNY 160.68 billion for the repayment of debt repayment interest, CNY 42.89 billion for the maintenance expenditure, CNY 22.95 billion for the expenditure on reconstruction and expansion project of highway and ancillary facilities, CNY 45.00 billion for the operation and management expenditure, and CNY 24.63 billion for the tax expenditure, accounting for 60.6%, 21.4%, 5.7%, 3.1%, 6.0% and 3.3% respectively.
In 2020, the toll gap between revenue and expenditure of operating highways was CNY 437.56 billion, including CNY 423.13 billion for expressways, CNY 7.59 billion for first-class highways, CNY 1.32 billion for second-class highways and CNY 5.51 billion for independent bridges and tunnels.
In 2020, a total of CNY 238.25 billion were reduced and exempted for the vehicle tolls on national toll highways, an increase of CNY 137.28 billion or 136.0% over the previous year, of which the "green channel" for the transportation of fresh agricultural products was reduced by CNY 21.63 billion; The toll for small passenger cars was exempted by CNY 23.20 billion on major holidays; The free passage during the COVID-19 pandemic control period from February 17 to May 5 was reduced by CNY 159.30 billion; Other policy reductions such as differentiated highway tolls, concessions for ETC toll, and free passage of rescue and disaster relief vehicles were CNY 34.12 billion, accounting for 9.1%, 9.7%, 66.9% and 14.3% respectively.
1.Government repayment highways: refer to the highways built by transportation departments of local people's governments at or above the county level by virtue of loans or paid fund-raising from enterprises and individuals, and highways built with special bonds of local government toll highways.
2.Operating highways: refer to the highways invested and constructed by domestic and foreign economic organizations or the highways with toll right of government repayment highway according to the provisions of the Highway Law.
3.Total cumulative construction investment:refers to the sum of construction investment over the years and new construction investment in the current year, including investment in land acquisition and demolition, civil engineering, traffic engineering and facilities along the line, excluding investment in maintenance and major and medium repairs.
4.Financial capital investment and non-financial capital investment:refer to the capital part of total cumulative construction investment that belongs to government finance and other sources (such as social capital investment and self-raised by enterprises and public institutions).
5.Borrowing bank loan principal and borrowing other debt principal: refer to the debt funds raised by borrowing bank loans and borrowing other debts (such as issuing bonds and foreign borrowing) in the total cumulative construction investment, that is, the original bank loan principal and the original other debt principal, without regard to repayment factors.
6.Maintenance expenditure: refers to the sum of expenditures on daily minor repairs and maintenance of highways (including salaries of maintenance personnel), major and medium repair projects, preventive maintenance, purchase of maintenance facilities and equipment, maintenance inspection and testing, emergency maintenance, renovation and maintenance of electromechanical systems, production and lighting electricity, etc.
7.Expenditure on reconstruction and expansion projects of highways and ancillary facilities: refers to the reconstruction expenditure of highways and ancillary facilities, such as toll stations, toll plazas, alignment adjustment of some highway sections, upgrading of technical level, increase in number of lanes, entrances and exits, and reconstruction of interchange projects.
8.Operation and management expenditure: refers to the sum of expenditures on toll collection business, daily management, highway administration and over-limit control, including salaries of toll collection personnel, management personnel, logistics personnel and road administration over-limit personnel, toll collection business expenses, daily management office expenses (inclusive), other management expenditures, road administration over-limit office and business expenses, use and maintenance of law enforcement equipment, highway property inspection and other expenses.
9.Tax expenditure: refers to the sum of all taxes collected by the tax department and levies and charges collected or withdrawn by relevant departments such as government finance according to relevant regulations, including value-added tax, income tax, urban construction tax, property tax, education surcharge, water conservancy fund, traffic police funds, etc.
10.Toll gap between revenue and expenditure: refers to the use of toll revenue minus total expenditure. The surplus is when toll revenue is greater than total expenditure, and the gap is when toll revenue is less than total expenditure.
11. Due to rounding, some data are not equal to the total of sub-items; The percentage is calculated based on the data before rounding.
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