三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

USEUROPEAFRICAASIA 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

China to issue local toll road bonds

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.

Most Viewed in 24 Hours
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
 
主站蜘蛛池模板: 久久久久国产精品免费免费 | 俄罗斯小屁孩cao大人免费 | 黄 色 片 在 线 看 | 精品视频免费在线观看 | 香港午夜理理伦_级毛片 | 99热这里有免费国产精品 | 自拍视频网 | 精品欧美高清一区二区免费 | 亚洲区欧美中文字幕久久 | 欧美一做特黄毛片 | 国产毛片自拍 | 国产一区二区三区丶四区 | 黄色免费在线观看网站 | 国产欧美一区二区三区视频在线观看 | 日韩性生活大片 | 999www成人免费视频 | 国产大秀视频一区二区三区 | 日韩国产免费一区二区三区 | 特级毛片8级毛片免费观看 特级毛片aaaaaa蜜桃 | 欧美二区在线观看 | 视频一二三区 | 最新国产大片高清视频 | 久久精品店| 婷婷丁香综合网 | 中文字幕一区二区三区在线播放 | 深夜国产一区二区三区在线看 | 欧美看片 | 久久这里只有精品23 | 免费看国产精品麻豆 | 国产高清国内精品福利99久久 | 小明成人免费视频 | 国产三级福利 | 国产麻豆剧传媒精品网站 | 国产精品久久在线观看 | 日本xxxxxxx69xx| 国产九九免费视频 | 999www成人免费视频 | 久久精品三级 | 成人片在线播放 | 国产无套乱子伦精彩是白视频 | 久久亚洲国产的中文 |