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Core Points - The first highway in Hunan Province, Changyong Expressway, will stop charging tolls starting from November 2, 2025, due to the expiration of its toll collection period [1] - The original toll collection period for this highway was 30 years, which was extended by nearly a year due to various reasons [4] - There is ongoing debate regarding whether highways should remain toll-free after the expiration of their toll periods, with concerns about potential congestion and maintenance funding [6][12] Group 1 - The Changyong Expressway was built in 1994, and its toll collection period was initially set to end in 2024 but was extended to 2025 [4] - The general toll collection period for highways in China is between 15 to 30 years, with a maximum limit of 30 years [4] - There have been instances where highways continued to charge tolls beyond their expiration dates, leading to public controversy [4][6] Group 2 - Other highways in China, such as the Shanghai-Jiaxing Expressway, ceased toll collection after their periods expired, indicating a trend towards free highways [6] - Concerns have been raised about the maintenance of highways if they become toll-free, with a reported annual funding gap of 300 billion yuan for ordinary roads [6] - The potential for extending toll collection periods through highway expansions has been noted, as seen with several highways that have undergone expansions and continued to charge tolls [7][9] Group 3 - The revision of the "Regulations on the Administration of Toll Roads" is expected to clarify the conditions under which tolls can be extended beyond 30 years [12] - The trend towards more free highways is seen as beneficial for reducing congestion and lowering logistics costs, similar to practices in other countries [12] - The increasing number of highways transitioning to free status after toll expiration is viewed as a significant trend in the industry [12]

Core Points - The Changyong Expressway in Hunan, which has been operational for nearly 31 years, will implement a "zero toll" policy starting from November 2, 2025, making it the first expressway in Hunan to be permanently free of charge [1][3][4] - The expressway connects key areas including Changsha city center and Changsha Huanghua Airport, and the removal of tolls is expected to reduce logistics costs in the region [1][3] Summary by Sections Toll Policy Changes - The Changyong Expressway will cease to charge tolls, allowing all vehicles to pass through without fees, while still collecting tolls for other routes [1][3] - The expressway's toll period was originally set for 30 years, but due to various compensatory measures, the toll period was extended to November 1, 2025 [4][12] Historical Context - The expressway was the first in Hunan, constructed using a "social fundraising and loan" model, which raised 110 million yuan to initiate the project [3] - The toll period was extended twice due to revenue losses from policies like holiday exemptions for small passenger vehicles and green channels for fresh agricultural products [4][12] Broader Trends in Expressway Tolling - Several expressways across China are also transitioning to free tolls as their toll periods expire, including the Chengdu North Exit Expressway and the Wuhan Tianhe Airport Expressway [10][11] - The trend of expressways becoming toll-free is linked to the expiration of their designated toll periods, which has become a significant public concern [12][13] Regulatory Environment - The current regulations stipulate maximum toll periods for government-funded and operating expressways, with potential extensions under specific conditions [13][14] - Ongoing discussions regarding the revision of the "Toll Road Management Regulations" may lead to clearer guidelines on toll-free transitions and extensions [15] Future Considerations - The increase in traffic volume following the removal of tolls may lead to congestion issues, raising concerns about road maintenance and management post-toll removal [16]

Core Points - The first highway in Hunan Province, Changyong Expressway, will be free of tolls starting from November 2, 2025, as confirmed by Modern Investment Co., Ltd [1][5] - Changyong Expressway, which opened on December 28, 1994, is 27 kilometers long and connects Huanghua Airport with downtown Changsha, marking the end of Hunan's "no expressway" history [3][5] Summary by Sections Toll Policy - The toll period for Changyong Expressway was originally set for 30 years, from December 28, 1994, to December 27, 2024 [5] - Due to compensatory policies, the toll period has been extended to November 1, 2025, accounting for 79 days of compensation [5] Current Highway Status - After November 2, 2025, Changyong Expressway will join a few other expressways in China that have ceased toll collection [6] - Other expressways in Hunan that are approaching the 30-year mark include Changsha to Xiangtan Expressway (opened December 1996), Changsha to Yiyang Expressway (opened July 1998), and others [6][7]

Core Viewpoint - The era of free highways is approaching, with Chengdu leading the way by making the Chengjin Expressway free of charge, marking a significant shift in highway toll policies in China [1] Group 1: Economic Impact - Following the implementation of free highways, logistics companies in Jinyang and Deyang have seen a 15% reduction in transportation costs, attracting more businesses from outside the region [3] - Daily traffic out of Chengdu increased by 18% after the toll removal, benefiting local businesses such as breakfast vendors [3] - The overall economic activity is expected to increase as the removal of tolls leads to more people and goods moving freely, ultimately stimulating local economies [5][10] Group 2: Historical Precedents - Historical examples, such as Shenzhen's investment of 27 billion to buy back the Meiguan Expressway, demonstrate that removing tolls can lead to significant economic benefits, including rising property values and job creation [5] - Shenzhen's subsequent investment of 130 billion to make four more highways free further illustrates the positive impact on urban development and economic growth [5] Group 3: Future Outlook - The trend of free highways is likely to expand, as more cities recognize the benefits of toll-free access, contributing to national development and public welfare [7][9] - Some regions in China have already begun to implement free highway policies, setting a precedent for others to follow [9] - The expectation is that the short-term loss of toll revenue will be compensated by increased tax revenue and economic activity in the long run [10]

Core Viewpoint - The announcement by Sichuan to cancel tolls on two highways marks a significant shift in China's highway toll system, indicating the beginning of a trend towards free highways in the western region of the country [2][4]. Group 1: Policy Changes - Sichuan has become the first western region to announce the cancellation of tolls on the Chengmian and Chengbei exit highways, effective September 2025 [2][4]. - The cancellation follows the expiration of toll collection periods, as stipulated by regulations that limit toll durations for government-funded and operational highways [4][8]. Group 2: Historical Context - The first batch of highways built in the late 1980s and early 1990s is reaching the end of their toll collection periods, with approximately 15,000 kilometers of government-funded and 5,000 kilometers of operational highways set to expire by the end of this year [4][10]. - Historical examples include the Shanghai-Jiaxing Highway, which ceased toll collection in 2012 after 24 years of operation [5]. Group 3: Economic Implications - The move to cancel tolls is expected to benefit logistics companies and private car owners, potentially reducing national logistics costs by 8.7% [10]. - However, the financial implications of free highways could lead to increased local government fiscal burdens, as the total highway debt exceeds 7 trillion yuan [10][12]. Group 4: Public Sentiment and Future Outlook - Public opinion is divided, with many supporting the cancellation of tolls while others express concerns about highway maintenance and funding [10][11]. - The trend towards free highways is seen as an irreversible historical trend, with expectations that more regions will follow suit in the future [12].

Group 1 - The article discusses the trend of highways in China transitioning from toll-based systems to free access as many highways reach the end of their charging periods [5][9][11] - Recent announcements include the Chengmian and Chengbei exit highways in Sichuan, which will stop charging fees, marking a significant shift in the western region [2][4] - The article highlights that many previously profitable highways are now becoming free due to their revenues exceeding construction costs over the years [12][16] Group 2 - The article outlines the historical context of highway construction in China, noting that many highways built in the 1980s and 1990s are now reaching their toll expiration dates [7][8] - It provides examples of highways that have ceased toll collection, including the Guangzhou North Ring Highway, which is expected to result in a loss of nearly 1 billion yuan in toll revenue annually [15][14] - The article mentions that the first highway to stop charging was the Hujia Highway, which had an annual traffic volume exceeding 20 million vehicles before it became free [16] Group 3 - The article explains the financial model of highway construction in China, which typically involves borrowing to build and charging tolls to repay the loans [26][30] - It notes that many regions are extending toll periods under various pretexts, often due to outstanding debts [21][22][29] - The article also discusses the implications of rising maintenance costs and the impact of electric vehicle tax exemptions on highway funding [41][42] Group 4 - The article suggests that while some regions may adopt free tolls, others may continue to extend toll periods due to financial pressures [47][48] - It proposes alternative solutions such as reducing toll fees or implementing differentiated toll rates based on traffic conditions and maintenance costs [49][52] - The article concludes that the trend towards free highways is likely to continue as economic development progresses, benefiting logistics and urban development in the long run [56][57][60]

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].

Group 1 - The core point of the news is that certain highways in Sichuan, specifically Chengmian Expressway and Chengbei Exit Expressway, will become toll-free starting from September 2025, which is seen as a significant benefit for drivers [1][4][9] - The announcement indicates that the Chengmian Expressway will stop charging tolls at 24:00 on September 4, 2025, and the Chengbei Exit Expressway will stop charging at 24:00 on September 17, 2025 [1][4] - The trend of eliminating tolls on older highways is not unique to Sichuan, as other regions like Guangzhou and Shanghai have also made similar moves, indicating a broader national trend towards toll-free highways [3][4] Group 2 - The financial implications of toll-free highways are significant, as popular routes can generate substantial revenue; for example, the Hujia Expressway earned over 200 million yuan annually from tolls, quickly recouping its construction costs [5][9] - However, not all highways are profitable, especially in remote areas where traffic is low, leading to challenges in maintenance and debt repayment [7][9] - The government faces multiple challenges in transitioning to a toll-free system, including funding for highway maintenance, the need for new road construction, and the impact of increasing electric vehicles on traditional funding sources [9][11]