• Tue
  • Jul 29, 2014
  • Updated: 4:10pm

Malaysian Expressway System

At least 20 dead after tanker explodes in collision

At least 20 people were killed and 27 injured when a huge fire in Guangzhou, triggered by collision between a tanker and a truck, engulfed a timber mill and its staff dormitory yesterday morning.

Saturday, 30 June, 2012, 12:00am

Crackdown on illegal use of highway project funds

The Ministry of Transport has begun a crackdown on misappropriation of funds meant to repay loans that were raised to build highway projects on the mainland.

16 Apr 2012 - 12:00am

Expressway operators face crackdown on exorbitant tolls

Five ministries have launched a joint crackdown on exorbitant highway tolls on the mainland after state media accused operators of earning staggering profits and adding to inflation by pushing up transport costs.

21 Jun 2011 - 12:00am

Expressway boom taking its toll on motorists

The mainland boasts the world's longest toll road network, with charges that rank among the most dubious thanks to illegal toll gates and the frequent flipping of licences by road builders eager to prolong toll terms.

29 May 2010 - 12:00am

Shenzhen Expressway earnings gain 16.5pc

Shenzhen Expressway sees this year as a critical year for toll revenue growth after its recent road expansion.

The toll road operator recorded a 16.5 per cent increase in net profit last year to 674 million yuan (HK$739.4 million). Revenue rose 43.4 per cent to 1.1 billion yuan.

A final dividend of 16 fen per share will be distributed.

18 Mar 2008 - 12:00am

Macquarie fund buys Hua Nan road stake

Macquarie International Infrastructure Fund (MIIF) has bought an 81 per cent stake in Guangdong-based Hua Nan Expressway for four billion yuan.

Hua Nan Expressway is a fully operational, 31km, dual-carriage urban toll road with six to eight lanes running through Guangzhou.

8 Nov 2007 - 12:00am

Fujian Expressway to spend 14b yuan on roads

Shanghai-listed Fujian Expressway Development said yesterday it would spend 14.13 billion yuan to expand its two highways to meet the surging traffic flows in Fujian province.

The company plans to double the number of lanes on its Quanxia Highway at a cost of 5.384 billion yuan while its subsidiary will widen the Fuquan Highway on expenditure of 8.746 billion yuan.

28 Jun 2007 - 12:00am

Wider superhighway helps boost Jiangsu Expressway profits 61.9pc

Jiangsu Expressway, a toll-road operator in the Yangtze River Delta, said net profit jumped 61.93 per cent last year, backed by strong income from the widened Shanghai-Nanjing superhighway.

26 Mar 2007 - 12:00am

Shenzhen Expressway posts 22pc profit gain

Shenzhen Expressway, a toll-road operator in southern China, said first-half profit rose 22 per cent, helped by higher traffic flow after it extended a highway and bought another one.

Profit for the first six months rose to 267 million yuan from 218 million yuan a year ago while turnover jumped 33.6 per cent to 553 million yuan.

26 Aug 2006 - 12:00am

In the fast lane

Undeterred by reports of soaring capital spending, Beijing is forging ahead with a national expressway grid that will eclipse America's famed interstate system, writes Tom Miller

27 Jul 2006 - 12:00am