including maintenance and depreciation

Governance toll roads, we cannot bypass this 2.3 trillion of the debt burden. If you want to remove this burden, the Government must first be briefed the toll road's higher "administrative costs" for surgery. The Ministry of transport said on 25th November 11, national Turnpike toll road all provinces have been published survey results thoroughly. In addition to non-toll roads outside of Tibet, the other 30Province of accumulated debt balance of almost $ 2.3 trillion of toll road, toll-road charges amounted to 285.946 billion yuan last year. (November 26, the Beijing News) so many toll roads in China, one a year scale of charges star wars the old republic power leveling, received so many years, has huge debts due to the 2.3 trillion, so thoroughly turns out to fall to pieces of a spectacle. Why toll roads debtHigh, from the data published by the transport sector, it is easy to find the answer: around the huge toll each year, a significant portion is not used to repay – 2010, about 9.4 billion a year in Anhui Province road toll, for paying less than 5.4 billion China Hebei $ 20.3 billion for one year, loan repayment only 10.1 billion; $ 6.6 billion for one year, Guangxi, repaying only 3 billion delegatesThen, tens of billions of billions of money instead of going to repay, what where? In addition to the fixed tax expenditures, others are undoubtedly of toll roads "management costs", including maintenance and depreciation, operation management expenditures, salaries and benefits expenses and so on. However, the so-called "management costs", water injection components tend to be large, in this regard, media has again and again opened the tip of the iceberg –Henan 98.8 km toll road section, but he had 403 staff, this does not include security, logistical officers; Cangnan, Wenzhou level one or two toll stations, the staff as much as 113 persons; listed company Nanjing-Shanghai Expressway (600,377 valuation, assessment, quotes, news, the major trading), more than 90% staff qualifications did not meet undergraduate, but its per capita pre-tax income reached 1$ 5,000. And auditing departments have repeatedly revealed that substantial diversion of toll road toll revenues in some provinces, some of which are used to build halls and buildings, investment in stocks and foreign investment. Now, under the national unity of the reorganization of high voltage, all localities in rectification and reform, duration of existing toll roads, toll, fee, toll station (points) facing reconsideration. It can be expected that future collectionHighway reduced fee period reduced, standards reduce, withdraw toll stations and is a trend, and with it brings total toll lower, economic burden on people's livelihood. But the other side of the problem lies, reducing the total toll, most likely means that the already low loan repayment amount will be reduced, loan repayment periods will be extended, as a result, will cancel toll awayYao dateless? Of course, we can through administrative means permissible, as long as the fees due, whether or not they pay off the loan must be stopped charging. But toll roads before huge debts owed to do? Unless the Government pay financial, otherwise only become bad loans, and these two results are ultimately all taxpayers to bear the losses, obviously unreasonable. Therefore the old republic power leveling, the management feesThe highway, we cannot bypass this 2.3 trillion debt burden. To be removed this burden, the Government must first of all to the high toll road "management costs" axe, "management costs" also started the national mapping and mapping results to the community. On this basis, as a toll road "management costs" establishes clear standards, compress and controlled strictly. In addition, you shouldPromote toll-road operations, maintenance costs and expenditure on staff salaries and benefits of the information made public. "Information disclosure regulations" stipulates that closely related to the interests of the masses of public enterprises and institutions in the provision of public services in the course of production, access to information of the public, references to these regulations. Toll road cannot be used as information publicity of the blind spot, public participation in supervision and management of toll road,Highway toll restriction mechanism can be built from the outside, allowing toll road consolidation jumped out "chaos circle" circle. Gold-line statement: Gold-line reproduced above, does not indicate that confirm the description for investor use only and does not constitute investment advice. Investor actions accordingly, and at your own risk.