China Toll Roads Report Losses of $48 Billion in 2015

China Daily reports, “China’s toll roads reported losses of 319 billion yuan ($48 billion) in 2015, more than double the loss made in 2014, due to a sharp rise in loan repayments, a report said [on September 20].  Tollgates nationwide posted a total revenue of 410 billion yuan last year, higher than the 392 billion yuan registered in 2014, according to a Ministry of Transport (MOT) annual report. However, any increase was dwarfed by expenditure, which stood at 729 billion yuan [approximately US$109.27 billion], in contrast to 549 billion yuan the previous year.”

Reuters also reports.