取消高速收费打响第一枪，巨大的连锁反应开始了

Core Viewpoint - The recent decision by various regions in China to cancel highway tolls marks a significant shift in public service policy, contrasting with the trend of increasing prices for utilities like water and electricity. This move is expected to have substantial economic implications and reflects a growing commitment to enhancing urban environments and reducing logistical costs for businesses [1][22]. Summary by Sections Highway Toll Cancellation - Sichuan Province announced the cessation of tolls on Chengmian Expressway and Chengbei Exit Expressway, effective September 2025 [1]. - Several highways have been made toll-free in recent years, including Wuhuang Expressway in December 2022 and Guangzhou North Ring Expressway in March 2024 [1][2]. Toll Expiration and Compliance - Approximately 15,000 kilometers of government-funded highways and 5,000 kilometers of operating highways are set to reach their toll expiration by the end of this year [2]. - Despite the expiration of tolls, many highways have continued to charge fees due to various reasons, including outstanding debts [5][6]. Financial Implications of Tolling - The financing model for highway construction typically involves borrowing funds for construction and repaying through tolls, which can lead to extended toll periods if debts remain unpaid [7][8]. - High-quality highways often require investments in the range of billions, making the tolling model attractive for local governments to quickly gather funds for infrastructure [8]. Economic and Urban Development - The decision to eliminate tolls is seen as a strategy to enhance urban business environments and attract investment, as demonstrated by Shenzhen's early adoption of toll-free policies [21][22]. - The cancellation of tolls is expected to yield long-term benefits, such as reduced logistics costs and improved city branding, outweighing the immediate loss of toll revenue [22][23]. Public Sentiment and Trust - Cities that adhere to their commitments to eliminate tolls are likely to gain public support and improve their reputations, which can be crucial for long-term economic growth [24][25]. - The shift from tolling to free public services aligns with national goals of enhancing domestic circulation and creating a unified market [25][26].