Yuexiu Transport Infrastructure (HK:1052) has released an update.
Yuexiu Transport Infrastructure reports a general month-on-month and year-on-year decline in April 2024’s toll traffic volume and revenue across several of its expressway projects, attributed to factors like the Qingming Festival’s toll-free policy, new competing expressways, and increased traffic restrictions. Notably, the GNSR Expressway experienced a significant decrease due to route shortening from a new expressway, while the Han’e Expressway saw mixed results with increased traffic volume but lower revenue due to traffic diversion.
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