Toll money used to repay massive debts, ministry says   

去年全國收費(fèi)公路虧損661億 86.2%通行費(fèi)用來還債

公報(bào)顯示，2013年度，全國收費(fèi)公路整體虧損661億元，全國收費(fèi)公路還本付息支出占當(dāng)年通行費(fèi)收入的86.2%。 [查看全文]

(ECNS) -- Toll roads in China last year suffered a deficit of 66.1 billion yuan ($10.6 billion), with 86.2 percent of toll collections used to repay the debt, according to statistics released by the Ministry of Transport.

The data show that revenues generated from toll roads in 2013 came to 365.2 billion yuan.

Aggregate spending hit 431.3 billion yuan, of which 314.7 billion yuan was used to repay both the capital and interest.

This means that 86.2 percent of toll collections went to creditors, with 170.7 billion yuan covering the interest and 144 billion the capital.

Additional expenditure included 39 billion yuan on maintenance, 45.7 billion yuan on operations and management, and 21.4 billion yuan in taxes, etc.

Construction investment on toll roads reached 5.44 trillion yuan by the end of 2013, of which 3.75 trillion yuan included borrowed funds.

Among the borrowed capital, bank loans accounted for 93.6 percent, or 3.52 trillion yuan.