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英文精选丨取消省界收费站,ETC制造商获政策红利

财新国际CaixinGlobal  · 公众号  ·  · 2019-05-29 18:52

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中文导读

国家将在两年内基本取消国内高速公路省界收费站。国务院办公厅日前发布《深化收费公路制度改革取消高速公路省界收费站实施方案》,提出上述目标。


取消收费站不意味着免费通行,而是以不停车快捷收费系统(ETC)取而代之。《方案》要求,2019年底前,各省(区、市)高速公路入口车辆使用ETC比例达到90%以上。


China to Eliminate Manned Toll Booths on Provincial Borders



By Fang Zuwang and Mo Yelin


An ETC channel on the Kunming Airport Expressway in Yunnan province, on Dec. 19, 2014. Photo: IC Photo


Shares in companies that make electronic tolling systems — which allow cars to whizz past unmanned toll booths without stopping — have soared since the government announced such systems would be put into place at all borders between China’s provincial-level regions.


Over the next two years, China will eliminate all of its manned toll booths, the State Council announced last week. A cashless system known as electronic toll collection (ETC) will be implemented in their place.


That means traveling across China will no longer require people to stop at toll booths between neighboring provinces, because electronic readers will communicate with linked transponders in cars that drive past, automatically charging the driver. The toll will typically be charged to an account linked to the transponder, which drivers top up.


Other details of the system have not yet been announced, such as whether cars will require transponders to cross between provinces, or whether there will be multiple ways of paying the tolls.


Chinese Premier Li Keqiang first mentioned the plan in a government work report in early March.


A report from brokerage Huachuang Securities dated May 19 predicts 140 million vehicles will install transponders under this plan. That will lead to sales of around 9.8 billion yuan ($1.42 billion), based on an average price of 70 yuan for each transponder, the report said.


Shenzhen-listed Beijing Wanji Technology Co. Ltd., which makes ETC transponders, saw its shares jump by 31% between March 5 and May 27. During the same period, Genvict Technologies Co. Ltd., a manufacturer of electronic readers for ETC systems, jumped 43% in Shenzhen.


Beijing has long promoted the use of ETC to cut highway congestion. In early 2004, the Ministry of Transportation said it would link all provincial ETC systems to improve the system’s efficiency by the end of 2015.


Some provinces and cities have moved faster than others. For example, Shanghai has said it will phase out its toll booths by December.


Contact reporter Mo Yelin ([email protected])


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