new policy fails to affect operator
A new toll policy in Anhui province has not harmed Anhui Expressway's revenues, according to general manager Li Yungui.
Tolls were reclassified and applied on the group's four expressways in Anhui on June 17 as part of provincial government changes to unify toll policy for the country and encourage more trucks to use the highways.
Under the new policy, smaller trucks carrying less than 15 tonnes pay 1.40 yuan while previously they would pay one yuan. Trucks with 15 tonnes or more pay 1.60 yuan, compared with 1.80 yuan previously.
'We haven't seen any negative impact on toll revenue in July as a result of the fee reclassification,' Mr Li said. 'After all, July and August are traditionally quiet seasons.'
In the second half Anhui Expressway would spend 220 million yuan improving its flagship Hening expressway between Hefei and Nanjing, which generated 101.96 million yuan profit in the first half, Mr Li said. Improvement works on the expressway had cost about 660 million yuan so far.