久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

China to issue local toll road bonds

By Wu Xiaobo | chinadaily.com.cn | Updated: 2017-07-13 14:47
Share
Share - WeChat

Aerial photo of the Anhui segment of Huizhou-Hangzhou Highway in East China.[Photo/Xinhua]

China will issue local toll road bonds this year to standardize local government's financing for toll roads, according to an official statement released on Wednesday.

This is the latest move to regulate local government's financing behaviors following the rollout of local land reserve bonds.

Local governments will be allowed to issue local toll road bonds to meet their financing needs, according to the statement jointly released by the Ministry of Finance and the Ministry of Transport.

Local toll road bonds is a type of special-purpose bond issued by local governments to finance the construction of toll roads.

The fund raised should be used specifically for toll road construction, the statement said.

Priority will be given to national highway projects and government toll way projects supporting the Belt and Road Initiative, the integrated development of Beijing, Tianjin and Hebei region and the Yangtze River Economic Zone.

Government toll roads mainly include national highways, local highways and arterial toll roads, according to the statement.

"The fund should not be misappropriated for projects other than toll road construction, current expenditures or road maintenance expenditures," the statement stressed.

As of the end of last year, China had 171,100 kilometers of toll roads, accounting for 3.6 percent of all roads. The aggregate investment in toll road construction came to 7.59 trillion yuan ($1.12 trillion) and the outstanding debts stood at 4.86 billion yuan, according to a communiqué on toll roads released by the Ministry of Transportation.

In the past, local governments either invited private capital to participate in road construction on the build-operate-transfer model, or borrowed loans from banks for road construction and paid back the loans with toll collections, an official said.

As China called off the financing function of various local transport financing vehicles in 2014, local government bonds have become the only bond-financing channel for new road construction, he said.

The issuance of the special-purpose local toll road bonds will expand the financing channels for road construction and standardize the financing behaviors of local governments, the official said.

According to a report by 21st Century Business Herald, the longest duration of local toll road bonds can be 15 years, while five years in principle is standard for local land reserve bonds. The newspaper also reported an unnamed source saying this year's total quota for local toll road bonds will be 73 billion yuan.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 一级毛片一片毛 | 国产aaa毛片 | 久草视频精品在线 | 男女乱淫真视频免费观看 | 亚洲精品国产国语 | 成人欧美精品大91在线 | 高清国产在线观看 | 在线播放亚洲精品 | 亚洲精品日韩一区二区 | 午夜两性视频免费看 | 三级在线国产 | 好吊妞国产欧美日韩视频 | 中日韩精品视频在线观看 | 在线观看a网站 | 成人性生免费视频 | 久久精品中文字幕首页 | 五月激情丁香婷婷综合第九 | 亚洲精品一区二区久久这里 | 日韩三级在线观看视频 | 亚洲色视频在线播放网站 | 九九色综合网 | 精品综合久久久久久88小说 | 国内免费自拍视频 | 久久久亚洲国产精品主播 | 国产成人看片免费视频观看 | av在线亚洲男人的天堂 | 国产乱弄视频在线观看 | 特级aaaaaaaaa毛片免费视频 | 国产精品黄在线观看免费软件 | 亚洲国产二区三区久久 | 91亚洲精品久久91综合 | 特级毛片全部免费播放器 | 国内精品久久影院 | 欧美亚洲视频在线观看 | 国产精品午夜国产小视频 | 久久久香蕉 | 在线观看亚洲欧美 | 欧美特黄一级aa毛片 | 欧美视频久久久 | 亚洲性网| 九九久久久久午夜精选 |