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

  • Brazil Tamoio highway and São Sebastião tunnel work
    July 5, 2016
    Brazil’s Tamoio Highway and São Sebastião tunnel construction is of major importance – Mauro Nogarin reports. The modernisation and expansion of Brazil’s Tamoio highway is a major project for Brazil. The project has an estimated cost of $1.5 billion and work on the first section from Planalto was completed in January 2014, costing around $350 million. The project is being managed by the state-owned agency DERSA, which deals with road development. According to the concessionaire for the Tamoios highway p
    Read More
  • Tunnels eliminate bottlenecks
    February 10, 2012
    Some of the bottlenecks on the multi-lane Mittlere Ring, Munich, Germany, one of the main arterial roads circling the city centre have been eliminated by the addition of new tunnels. The Luise-Kiesselbach Square, the last section of this road improvement effort, is an important traffic hub south-west of the city where motorways A96 from Lindau and A5 from Garmisch meet, causing long delays in daily rush-hour traffic, writes Patrick Smith.
    Read More
  • Houston, Texas is seeing fast expansion of population, with in vast increases in traffic
    October 9, 2018
    The US city of Houston is expanding fast and its transport system is having to be developed to cope
    Read More
  • Austria to start A5 motorway construction in March
    November 7, 2014
    Austria to start A5 motorway construction in March Construction companies will be able to bid for the first section of Austria’s A5 motorway project in the beginning of December. Austrian motorway operator Asfinag said a tender will be issued for the $408.55 million project, but gave no specific date for publication. The announcement follows the Austria’s Administrative Court’s recent rejection of a case against the Schrick to Poysbrunn section of the motorway. Asfinag will call for tender bid
    Read More

Highlighted Content