It is reported that on February 23, the listed company Guangdong Expressway A issued an announcement that the company recently received the Guangdong Provincial Transportation Department issued a Guangdong Jiaoying Convenience Letter [2022] No. 24 "Notice of the Guangdong Provincial Department of Transportation on Matters Related to the Disposal of the Guangdong-Foshan Expressway Toll Period", the Guangfo Expressway stopped charging from 00:00 on March 3, 2022, retained the existing toll facilities operating as usual at zero rates, exempted all vehicles passing through this section of the road, and collected vehicle tolls on other road sections on their behalf. After the toll collection is stopped, Guangfo Expressway Co., Ltd. will continue to be responsible for the management and maintenance of Guangzhou-Foshan Expressway.
Guangzhou-Foshan high-speed construction schedule
It became the first expressway in Guangdong to be completed and opened to traffic
As the forefront of China's reform and opening up, Guangdong is at the forefront of highway construction in the country. In 1986, the first joint venture highway in China, the Guangzhou-Foshan Expressway, began construction and was officially opened to traffic in August 1989. With a total length of 15.7 kilometers, the Guangzhou-Foshan Expressway is the first expressway in Guangdong to be completed and opened to traffic, and the second expressway in China to be completed and opened to traffic.
After the Guangzhou-Foshan Expressway is fully opened, the travel time from Guangzhou to Foshan has been shortened from the original 2 hours to the current 15 minutes.
In 1989, the Guangzhou-Foshan Expressway Hengsha Toll Station was presented by Guangdong Intersection Xuanxuan and Guangzhou-Foshan Expressway
At the beginning of the opening of the Guangzhou-Foshan Expressway, there were only four lanes in both directions, but due to the extremely busy traffic in Guangzhou-Foshan, with the rapid increase in traffic, in 1999, the Guangzhou-Foshan Expressway implemented an expansion project, setting a precedent for the expansion of the expressway in operation in the country; in 2007, the Guangzhou-Foshan Expressway was expanded again, expanding the 6-lane section into 8 lanes.
Correspondents Guangdong Intersect Xuan and Guangzhou-Foshan Expressway provided pictures
Guangdong-Hong Kong joint venture to promote construction
Create a national double-entry charging model
In the 1980s, the economy of the Pearl River Delta developed rapidly after the reform and opening up, the traffic on the Guangzhou-Foshan Highway was very busy, and the traffic jam was two or three hours, which was called "the largest parking lot in the country" at that time, and the traffic jam on the Pearl River Bridge was even more daunting.
In order to solve the problem of traffic bottlenecks in economic development and open up the passage from Guangzhou to the southwest, the Guangdong Provincial Department of Transportation decided to build the Guangzhou-Foshan Expressway for the first time in accordance with national highway standards.
And where does the money for the highway come from? In the process of the construction of the Guangzhou-Foshan Expressway, Guangdong Province took the lead in carrying out the reform of the investment system in the whole country, changing the gratuitous appropriation to a paid investment, actively exploring and adopting a variety of financing methods to raise construction funds extensively. The Guangzhou-Foshan Expressway project has successively tried to adopt various methods such as raising funds to build roads and bridges, collecting fees and repaying loans, introducing foreign capital for cooperative operation and management, issuing bonds, applying for domestic bank loans, and transferring highway operating rights.
Among them, according to the Guangdong Provincial Transportation Group, at that time, Hong Kong Pearl River Shipping Co., Ltd. signed an agreement with Guangdong Highway Construction Company to participate in 25% of the shares, and established Guangfo Expressway Co., Ltd., and the two parties agreed to bear limited liability for the debts of the joint venture company with the amount of capital they subscribed.
In addition to the innovation of financing methods, Guangfo Expressway is also the pioneer of the national compound charging model. During peak traffic, 7 duplex toll booths were opened using 1 lane.
Source: Southern News Network