According to the approval documents by Guangdong Provincial Government, the Eastern Area of Guangdong Province, where Shantou, Huizhou and other 8 cities are included, would start to implement toll-by-weight policy since 20th October this year. One of our Associates, which is the Shantou Bay Bridge, would be applied to that policy as a result.
Under the toll-by-weight policy, the current mechanism of toll collection which is on the basis of different vehicle categories would not change, but would have extra charge on trucks that are overloaded (30% or more than its maximum capacity) as a penalty. By doing this, numbers of overloaded trucks will be greatly reduced which in turn could ensure public safety as less traffic accident will take place.
According to results in Northern Area of Guangdong Province where toll-by-weight policy has been carried out at the end of 2009, expressways involved maintain sustainable growth in toll revenue. (Toll revenue of Shantou Bay Bridge grows 4.8% M-O-M and 10.8% Y-O-Y in October) Moreover, numbers of traffic accidents caused by overloaded trucks have been sharply declined.