GS Superhighway Joint Venture

Average Daily Toll Revenue Average Daily Traffic Annual Toll Revenue (RMB million) (No. of vehicles in thousand) (RMB million)

3,213 8.80 8.13 2,969 270 6.90 2,526 229 189

2004 2005 2006 2004 2005 2006 2004 2005 2006

Guangzhou- Superhighway (“GS Superhighway”)

PROJECT SUMMARY Location to Shenzhen, , PRC

Length 122.8 km he GS Superhighway is a 122.8 km long, closed Lane Dual three lane Tsystem, fully lit dual three-lane expressway with Class Expressway 20 interchanges. It is currently the only expressway

JV Contractual and major corridor directly connecting Guangzhou, Jul 1997 – Jun 2027 Operation Period , Shenzhen and . It has exhibited Profit Sharing Ratio Year 1-10 : 50% Year 11-20 : 48% continued steady growth since it opened to traffic in Year 21-30 : 45% 1994. Over the past financial year, its average daily traffic rose 18% to 270,000 vehicles while its average Guangzhou daily toll revenue rose 8% to RMB8,800,000. The annual toll revenue increased to RMB3,213 million, representing an increase of 8% over the last year. Dongguan Shunde Being the main artery in the expressway network of the PRD, it closely links up the major cities, Shenzhen airport, ports and other expressways including Jihe Expressway, Changhu Expressway, Humen Bridge, Hong Kong Guangzhou Second Ring Road Northern section and Guangzhou Ring Road. It will further connect to the 1 Expressway in Shenzhen, which will open to traffic in the third quarter of 2006. In addition, the GS Superhighway has successfully implemented the Guangdong Provincial Unitoll System, which

18 Hopewell Highway Infrastructure Limited Annual Report 2005-2006 GS Superhighway Joint Venture

Average Daily Traffic Average Daily Toll Revenue (No. of vehicles in thousand) (RMB thousand)

350350 2006 10,00010,000 2006 2005 10,000 2005 9,0009,000 300340300 2004 9,000 2004 2003 8,000 2003 300 8,0008,000 250250 2002 2002 7,000 260 2001 7,0007,000 2001 2000 6,000 2000 200200 6,0006,000 220 1999 5,000 1999 180 1998 5,0005,000 1998 150150 4,000 1997 1997 140 1996 4,0004,0003,000 1996 100100 100 1995 3,0003,0002,000 1995 1994 1994 5050 60 2,0002,0001,000

2000 1,0001,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

now provides registered road users with a non-stop modern traffic network consisting of 10 expressways in the PRD region.

In order to meet the road users’ expectation of high quality service, the joint venture company has focused on upgrading the service standards and improving its ancillary facilities. Within the reporting year, the joint venture company finished increasing the number of changeable message signboards, expanding the Changan interchange and constructing the new Shajian toll station. The Xinqiao interchange expansion works are being carried out at the moment. In addition, the joint venture company is planning to increase the throughput capacity of several busy toll the GS Superhighway from its current total 6 lanes to stations including , Futian and Fuyong. 10 lanes, and is actively pursuing the project with the With a view to enhancing traffic safety, the joint relevant authorities. venture company is increasing its manpower and equipment in the areas of road patrol, rescue and The Group believes that with the continuing traffic control. Furthermore, the number of closed development of the logistics industry under the circuit televisions along the main alignment and the sustained economic development in the Guangdong frequency of road patrol services will be increased to Province and the gradual expansion in the PRD improve the efficiency and effectiveness in handling expressway networks together with the rapid increase traffic accidents. To cater for further increase in traffic in automobile ownership, the traffic flow and toll volume, the Group together with the joint venture revenue of the GS Superhighway will maintain company has been studying the feasibility of widening persistent growth.

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