Guangzhou Traffic Work Leading Group Office announced on June 23, 2014 that Guangzhou City's 2013 vehicle index bidding revenue totaled 790 million yuan, of which the non-refundable bidding guarantee amounted to 2.166 million yuan. These funds are mainly used for public projects to arrange 14 projects related to urban public transportation such as comprehensive subsidies for the bus industry, bus station construction, public bicycle subsidies, and traffic congestion control. Guangzhou city small and medium passenger car total regulation incremental indicators bidding income funds show that the total auction revenue last year was 794,463,300 yuan, of which the bidding price of 792,793,300 yuan, according to the provisions of the non-refundable bid security of 2.166 million yuan. According to the abandonment of an indicator deducted 2000 yuan deposit calculation, it means that a total of 1083 people (units) chose to "discard" last year. According to the relevant regulations, the 2013 bidding funds will be specially allocated for comprehensive subsidies for the bus industry, subsidies for the purchase of public transport vehicles, subsidies for the purchase of new energy for small and medium passenger vehicles, pilot applications for LNG buses, development of water bus and operation subsidies, construction of public transport stations, public Bicycle subsidies, renovation of key road traffic markings in central urban areas, traffic congestion control, traffic flow detection points, bidding services, and small and medium-sized passenger cars to regulate daily operational support and other cost-based expenses, national public transport city demonstration city declarations and other urban public 14 projects related to transportation. As of the end of April 2014, the cumulative expenditure of the incremental indicator bid income in 2013 was 773.406 million yuan, and the expenditure rate was 97.28%. Carryover of 215.571 million yuan. Among the 14 projects with a distribution of 790 million yuan in bidding funds, the highest single subsidy is a preferential policy for bus and subway fares. In the last year's auction revenue, 43.107 million yuan was allocated for the 2012 public transportation industry comprehensive subsidy liquidation and the 2013 public transportation industry comprehensive subsidy liquidation fund.
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