Costs
The total costs of the national expressway network are estimated to be 2 trillion yuan (some 240 billion US dollars). From 2005 to 2010, the annual investment was planned to run from 140 billion yuan (17 billion US dollars) to 150 billion yuan (18 billion US dollars), while from 2010 to 2020, the annual investment planned is to be around 100 billion yuan (12 billion US dollars).
The construction fund will come from vehicle purchase tax, fees and taxes collected by local governments, state bonds, domestic investment and foreign investment. Unlike other freeway systems, almost all of the roads on the NTHS/"7918 Network" are toll roads that are largely financed by private companies under contract from provincial governments. The private companies raise money through bond and stock offerings and recover money through tolls.
Efforts to impose a national gasoline tax to finance construction of the tollways met with opposition and it has been very difficult for both the Communist Party of China and the State Council to pass such a tax through the National People's Congress of China.
Read more about this topic: Expressways Of China
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