Storm and profiteering: the Beijing-Shijiazhuang Expressway toll survey
High speed in a critical time of the 7.21 Rainstorm rescue in Beijing, Beijing, Hong Kong and Macao (hereinafter referred to as: "Beijing-Shijiazhuang Expressway"), paragraph increasingly congested. The toll station continues Blocking card or fee, drivers patiently payment will be entering a sink sections along the gradually lower the terrain, which fall into a deepest in more than 5 meters pool.
Beijing police five or six ring to connect the Beijing-Shijiazhuang Expressway from Beijing entrance closed around 22:00. But the Beijing-Shijiazhuang Expressway entrance. Until at 2:00 on the 22nd, stagnant water with the north side of the Du Jiakan toll has been fully congestion, but did not stop the vehicle to Beijing over the bar charges.
The reporter's survey shows that Beijing Capital Highway Development Group Co., Ltd. (hereinafter referred to as the "first group") in 2000 began operating Beijing-Shijiazhuang Expressway. Prior to the road use charges to pay off the construction loan. According to the public corporate finance, subordinated loans, operating income, more than 2 billion yuan, this section of road tolls about nearly two years to pass 10% of the total fee income.
Does not stop torrential rain after the first Group of people on why the explanation of fees has been criticized for, they believe that Beijing and highway emergency stop charging provisions.
Beijing Highways Authority does still studying expedient. However, due to external pressure, the Beijing-Shijiazhuang high-speed two-way after the opening of the Du Jiakan toll free passage on the 24th.
In fact, in the past 8 years, the entire section of the right to fees has been questioned. The interview with this reporter, Fangshan District, NPC deputies, the Beijing Municipal People's Congress, even those who have just selected 18 delegates, they have repeatedly asked for the relevant proposals, many of the national media reported the continuing controversy.
Then reported that the Beijing-Shijiazhuang high-speed Beijing segment began operations in November 1987, this is government repayment sections, the charges for the right to be canceled after the completion of the subordinated loans; deputies to the NPC to obtain the 2004 Beijing audit materials show that the sections involving 348 million yuan of bank loans, 170 million yuan of funds to the Finance Bureau of Beijing Branch of the borrower, the loan principal and interest total of 5.3254 billion yuan, on December 2000 has been repaid.
Beijing in 1993, sections of half the fees right to transfer to a State-owned enterprises. Since this part of the interest is injected into the first group formerly. 2000 municipalities will be sections of the overall management rights allocated to the starting group, and given its 30-year operating period to 2029.
Reply handled by the Beijing Municipal Committee of the Fangshan District, deputies to the NPC Li Shu-yuan in 2005, replied to the end of 2004, saved a surplus of 585 million yuan. The reply said "speed up the Beijing highway construction, highway construction system loan system, and rolling development", incorporated in the starting group.
A number of media quoted a reply also explained that the first companies charged with custody tasks more than 500 kilometers of highway have been built, is also planning to build more than three hundred kilometers of the highway construction tasks, the repayment of a lot of pressure, need to pass through legal charge fee to repay the loan.
Transfer approach "of the many ministries to develop a" toll road interests in 2008, before and after the transfer of operating rights to the cumulative operating limit is 20 years, renewable up to 25 years.
This approach may not be able to trace the early construction of the Beijing-Shijiazhuang Expressway. However, the Ministry of Transport and other five ministries in June 2011 issued a "notice" on the toll road special clean-up work, both for historical issues. In accordance with the provisions of the State Department documents, the Beijing-Shijiazhuang high-speed Beijing segment has been operating charges 25 years, should stop the road charges.
Group starting in 2011 the second medium-term notes to raise the book, said the Beijing-Shijiazhuang Expressway (Beijing segment) was opened to traffic at the end of 1994, has 17 years, the Beijing Municipal Government in 2000 during which highway operation rights granted starting group, approved the operation period to the end of 2029. 1994 as a starting point calculation, the charges can still last 2-7 years.
Controversy in recent years, rating agencies and banks on the stability of the Beijing-Shijiazhuang high-speed operation rights expressed concerns. Past three financial years, starting group in the bank collateral right to operate all the highway and the Sixth Ring Road, but the Beijing-Shijiazhuang high-speed sections of the right to operate and unable to obtain bank approval.
Operating situation, the Beijing-Shijiazhuang Expressway this section of road toll revenues accounted for all toll revenue of 10.5%, about 466 million yuan. The main business of the first Group was announced (including the transfer of land use rights, oil sales and traffic engineering services) the average profit margin of about 36% of toll business, profit margins are about 10 percentage points higher over the years.
2008, 2009, 2010 and 2011 first quarter, starting the Group's toll operating profit margin of 36.73%, 44.53%, 42.93% and 52.90%.
Addition to the high-speed sections of the airport highway, the starting group affiliated charges. The 2010 data show that the Beijing-Shijiazhuang high-speed vehicles by about 13% of the accounts for the total, ranking second in the all sections. The past 12 years the proportion is even higher. Beijing-Shijiazhuang high-speed operation should not be less than the average profit margin, its profits can provide more than when all the government subsidy income.
Maintain high-speed Beijing-Shijiazhuang cash income can be included in the operation of the overall funding of the chain. Starting group still face value of more than 340 million accounts for about 40% of the total number of assets pledged in the bank. And the Group's future investment pressure is huge: in 2012 plans to invest 6 billion yuan, in 2013 plans to invest 10.2 billion yuan.
Starting the Group and its holding company, also operates two airport expressway, the Sixth Ring Road, including sections of the toll road there is no emergency measures have also been criticized. The Group has been a member of the Flood Control Command Center in Beijing. Unlike but Du Jiakan toll station in its own, its south side Zhao Daxinzhuang charges Station congestion until the next morning; night of the 21st Airport Expressway to continue charges. 21 rains caused the disaster of the city and the mountains. The masses involved in the transfer of nearly 20,000, the city's water location of the road near the bridge area has been unable to statistics.Storm and profiteering: the Beijing-Shijiazhuang Expressway toll survey.
High speed in a critical time of the 7.21 Rainstorm rescue in Beijing, Beijing, Hong Kong and Macao (hereinafter referred to as: "Beijing-Shijiazhuang Expressway"), paragraph increasingly congested. The toll station continues Blocking card or fee, drivers patiently payment will be entering a sink sections along the gradually lower the terrain, which fall into a deepest in more than 5 meters pool.
Beijing police five or six ring to connect the Beijing-Shijiazhuang Expressway from Beijing entrance closed around 22:00. But the Beijing-Shijiazhuang Expressway entrance. Until at 2:00 on the 22nd, stagnant water with the north side of the Du Jiakan toll has been fully congestion, but did not stop the vehicle to Beijing over the bar charges.
The reporter's survey shows that Beijing Capital Highway Development Group Co., Ltd. (hereinafter referred to as the "first group") in 2000 began operating Beijing-Shijiazhuang Expressway. Prior to the road use charges to pay off the construction loan. According to the public corporate finance, subordinated loans, operating income, more than 2 billion yuan, this section of road tolls about nearly two years to pass 10% of the total fee income.
Does not stop torrential rain after the first Group of people on why the explanation of fees has been criticized for, they believe that Beijing and highway emergency stop charging provisions.
Beijing Highways Authority does still studying expedient. However, due to external pressure, the Beijing-Shijiazhuang high-speed two-way after the opening of the Du Jiakan toll free passage on the 24th.
In fact, in the past 8 years, the entire section of the right to fees has been questioned. The interview with this reporter, Fangshan District, NPC deputies, the Beijing Municipal People's Congress, even those who have just selected 18 delegates, they have repeatedly asked for the relevant proposals, many of the national media reported the continuing controversy.
Then reported that the Beijing-Shijiazhuang high-speed Beijing segment began operations in November 1987, this is government repayment sections, the charges for the right to be canceled after the completion of the subordinated loans; deputies to the NPC to obtain the 2004 Beijing audit materials show that the sections involving 348 million yuan of bank loans, 170 million yuan of funds to the Finance Bureau of Beijing Branch of the borrower, the loan principal and interest total of 5.3254 billion yuan, on December 2000 has been repaid.
Beijing in 1993, sections of half the fees right to transfer to a State-owned enterprises. Since this part of the interest is injected into the first group formerly. 2000 municipalities will be sections of the overall management rights allocated to the starting group, and given its 30-year operating period to 2029.
Reply handled by the Beijing Municipal Committee of the Fangshan District, deputies to the NPC Li Shu-yuan in 2005, replied to the end of 2004, saved a surplus of 585 million yuan. The reply said "speed up the Beijing highway construction, highway construction system loan system, and rolling development", incorporated in the starting group.
A number of media quoted a reply also explained that the first companies charged with custody tasks more than 500 kilometers of highway have been built, is also planning to build more than three hundred kilometers of the highway construction tasks, the repayment of a lot of pressure, need to pass through legal charge fee to repay the loan.
Transfer approach "of the many ministries to develop a" toll road interests in 2008, before and after the transfer of operating rights to the cumulative operating limit is 20 years, renewable up to 25 years. This approach may not be able to trace the early construction of the Beijing-Shijiazhuang Expressway. However, the Ministry of Transport and other five ministries in June 2011 issued a "notice" on the toll road special clean-up work, both for historical issues. In accordance with the provisions of the State Department documents, the Beijing-Shijiazhuang high-speed Beijing segment has been operating charges 25 years, should stop the road charges.
Group starting in 2011 the second medium-term notes to raise the book, said the Beijing-Shijiazhuang Expressway (Beijing segment) was opened to traffic at the end of 1994, has 17 years, the Beijing Municipal Government in 2000 during which highway operation rights granted starting group, approved the operation period to the end of 2029. 1994 as a starting point calculation, the charges can still last 2-7 years.
Controversy in recent years, rating agencies and banks on the stability of the Beijing-Shijiazhuang high-speed operation rights expressed concerns. Past three financial years, starting group in the bank collateral right to operate all the highway and the Sixth Ring Road, but the Beijing-Shijiazhuang high-speed sections of the right to operate and unable to obtain bank approval.
Operating situation, the Beijing-Shijiazhuang Expressway this section of road toll revenues accounted for all toll revenue of 10.5%, about 466 million yuan. The main business of the first Group was announced (including the transfer of land use rights, oil sales and traffic engineering services) the average profit margin of about 36% of toll business, profit margins are about 10 percentage points higher over the years.
2008, 2009, 2010 and 2011 first quarter, starting the Group's toll operating profit margin of 36.73%, 44.53%, 42.93% and 52.90%.
Addition to the high-speed sections of the airport highway, the starting group affiliated charges. The 2010 data show that the Beijing-Shijiazhuang high-speed vehicles by about 13% of the accounts for the total, ranking second in the all sections. The past 12 years the proportion is even higher. Beijing-Shijiazhuang high-speed operation should not be less than the average profit margin, its profits can provide more than when all the government subsidy income.
Maintain high-speed Beijing-Shijiazhuang cash income can be included in the operation of the overall funding of the chain. Starting group still face value of more than 340 million accounts for about 40% of the total number of assets pledged in the bank. And the Group's future investment pressure is huge: in 2012 plans to invest 6 billion yuan, in 2013 plans to invest 10.2 billion yuan.
Starting the Group and its holding company, also operates two airport expressway, the Sixth Ring Road, including sections of the toll road there is no emergency measures have also been criticized. The Group has been a member of the Flood Control Command Center in Beijing. Unlike but Du Jiakan toll station in its own, its south side Zhao Daxinzhuang charges Station congestion until the next morning; night of the 21st Airport Expressway to continue charges. 21 rains caused the disaster of the city and the mountains. The masses involved in the transfer of nearly 20,000, the city's water location of the road near the bridge area has been unable to statistics.
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