Article 1 In order to encourage foreign investors to invest in the construction of expressway, speed up the improvement of infrastructure construction in our province, and promote the opening up and social and economic development, these Provisions are formulated in accordance with the relevant laws and regulations of the state and the actual situation of this province. Article 2 Foreign investors may apply for the establishment of foreign-invested enterprises in the form of Sino-foreign joint ventures, cooperation or sole proprietorship to invest in the construction and operation of expressway projects in Fujian (hereinafter referred to as foreign-invested expressway enterprises). Article 3 The operating period of foreign investment in the construction and operation of expressway shall generally not exceed 30 years (including the construction period); If it is really necessary to extend the operating period, it may be extended appropriately with the consent of all investors and the approval of the original examination and approval authority. After the expiration of the operation period, expressway will be handed over to the local government free of charge. Article 4 If the business period of foreign-invested enterprises in expressway exceeds 15 years, the income tax shall be levied at a reduced rate of 15% upon the application of the enterprises and the approval of the tax authorities. From the profit-making year, the enterprise income tax shall be exempted from the first year to the fifth year, and the enterprise income tax shall be halved from the sixth year to the tenth year. Article 5 If foreign investors reinvest their operating profits in infrastructure construction such as roads and ports, they may refund 40% of the income tax paid for the reinvested part. Upon the application of the investor and the approval of the tax authorities, the reinvestment income tax can be fully refunded. Article 6 Foreign-invested enterprises in expressway may, with the approval of the finance and taxation department, adopt the accelerated depreciation method of fixed assets to accelerate the recovery of investment. Article 7 The charging standards for foreign-invested vehicles in expressway shall be put forward by enterprises according to a reasonable payback period, and shall be implemented after being approved by the provincial people's government. Article 8 Foreign-invested enterprises in expressway are allowed to comprehensively develop real estate, passenger and cargo transportation, oil supply, water supply, catering, tourist facilities, hotels, advertisements, etc. along expressway or in designated areas while building and operating expressway. The land for the project can be given a certain percentage of preferential treatment according to the benchmark land price, and the project approval shall be handled according to the relevant provisions of the state. Article 9 If the total investment of foreign investors in the construction and operation of expressway exceeds 1 billion US dollars, the proportion of registered capital to the total investment may be appropriately lower than the current regulations after approval. Tenth foreign-invested enterprises in expressway can apply for loans from domestic and foreign financial institutions, and after approval, they can also issue bonds in China to raise funds for highway construction. Eleventh foreign investment in expressway enterprises can achieve a comprehensive balance of foreign exchange. With the approval of the foreign exchange administration department, the funds recovered from the investment and the RMB profits earned during the operation period can enter the foreign exchange adjustment center to exchange foreign exchange, and are allowed to be remitted abroad. Twelfth foreign investment in the construction and operation of expressway projects, within the total investment, imported machinery and equipment needed for construction and maintenance and materials that cannot be guaranteed in China or can not meet the technical performance requirements, can be exempted from import duties, but these machinery, equipment and materials are limited to expressway for construction and operation. Thirteenth foreign investment in the construction and operation of expressway projects, must abide by the relevant provisions of the China municipal government on highway management, the implementation of the relevant highway technical standards and design specifications promulgated by the Department in charge of transportation in China, allowing foreign advanced highway construction technology to learn from. Fourteenth foreign-invested enterprises in expressway shall, during the operation period, effectively maintain the roads they operate in accordance with the highway maintenance standards promulgated by the transportation department of China. If the traffic volume exceeds the original design capacity, the highway traffic conditions should be improved in time. Fifteenth the establishment of foreign-invested enterprises in expressway, in accordance with the existing provisions of the state and Fujian Province for examination and approval procedures. Sixteenth foreign investment in the construction and operation of first-class and second-class automobile highways and large tunnels and bridges shall be implemented with reference to these regulations. Seventeenth Hongkong, Macao and Taiwan Province companies, enterprises, other economic organizations or individuals in Fujian to invest in expressway, first-class and second-class automobile highways, large tunnels and bridges, with reference to these provisions. Eighteenth the provisions shall come into force as of the date of promulgation.