Reforming the Financing System for the Road Sector in the People’s Republic of China
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Reforming the Financing System for the Road Sector in the People’s Republic of China

SKU: 9789292549527

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Full Title

Reforming the Financing System for the Road Sector in the People’s Republic of China
Author(s)
Edition
ISBN

9789292549527, 9789292549510
Publisher

Asian Development Bank
Format

PDF and EPUB

Description

The People’s Republic of China implemented the Fuel Tax Reform in 2009. It abolished a range of provincial and local government fees and increased the central government tax on motor vehicle fuel. This reform centralized the government revenues for the sector, but various issues remain. This publication analyzes the implications of the reform on the operation and maintenance of ordinary roads. It recommends the formation of a National Road and Funding Administration, responsible for the national road programs and policy, and the creation of a central road trust fund to finance the operation and maintenance of ordinary roads.

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