Asfinag to invest US$1.28bn in Austrian roads during 2013

Austrian state-owned motorway operator Asfinag says it will invest US$ 1.28 billion (€960mn) in motorways and highways in 2013. This includes $466.65 million for maintenance. The rest is for new roads and extensions of existing ones. A total of $9.19 billion will be spent between now and 2018. The company said that its debts will rise from $15.73 billion to $15.99 billion. One focus will be on improving the safety of tunnels. Asfinag will also make an effort to avoid construction-related traffic jams.
January 25, 2013 Read time: 1 min
Austrian state-owned motorway operator 4178 Asfinag says it will invest US$ 1.28 billion (€960mn) in motorways and highways in 2013. This includes $466.65 million for maintenance. The rest is for new roads and extensions of existing ones. A total of $9.19 billion will be spent between now and 2018. The company said that its debts will rise from $15.73 billion to $15.99 billion. One focus will be on improving the safety of tunnels. Asfinag will also make an effort to avoid construction-related traffic jams.

For more information on companies in this article

Related Content

  • Austrian highway investment programme planned
    February 17, 2015
    A major programme of investment is underway on Austria’s highway network. Austrian highway company Asfinag says that it is investing some €7 billion in building new links and upgrading existing connections. This six year programme will run until 2020. The programme calls for work to both highways and major trunk routes. One of the key projects underway already is the upgrade of the A26, which is costing €646 million. Another important project is the upgrade of the S10 trunk road, which is costing €718 milli
    Read More
  • Wuxi, China to invest US$1.28 billion in transport infrastructure
    February 19, 2013
    The Chinese city of Wuxi plans to invest US$1.28 billion (CNY 8bn) in transport infrastructure during 2013. Alterations will be made to 150 dangerous bridges and 15 bus routes will be adjusted and opened within the year. Wuxi will also replace and add 100 buses and construct and upgrade 150km of rural roads. The Shuofang International Airport's second-phase terminal expansion will be completed within 2013, part of plans to increase the airport's passenger throughput to 3.6 million per year.
    Read More
  • Austrian road transport industry anger over 8% HGV road toll rise
    December 11, 2013
    Austria's road transport industry is threatening to challenge in the European Court of Justice state-owned motorway operator Asfinag's plan to increase modern HGVs road toll by 8% in 2014. The Austrian transport ministry has ordered that toll prices should be increased by 2.5% from the beginning of January 2014, in order to adapt to inflation. But the price increase for modern HGVs, such as Euro 6 vehicles, is set to be significantly higher in order to keep the volume of toll income stable, as there are now
    Read More
  • Austria’s Asfinag sees 2023 net profit fall
    May 13, 2024
    The Austrian road operator also expects a tumble in profit for 2024.
    Read More

Highlighted Content