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

Download or read book Reforming the Financing System for the Road Sector in the People’s Republic of China written by Asian Development Bank and published by Asian Development Bank. This book was released on 2015-08-01 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.