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

  • Italian highway investments
    May 3, 2012
    The Italian island of Sicily is to benefit from major investment in its road network, in a move designed to help boost its economy.
    Read More
  • Strabag secures US$2.23billion Italian motorway build project
    March 14, 2012
    The US$2.23billion (€1.7billion) contract to build the Pedemontana Lombarda motorway in northern Italy has been won by the Strabag consortium.
    Read More
  • S&P Global Rating: credit stability for toll road operators
    August 14, 2017
    The outlook is generally stable for business conditions and credit quality for toll roads worldwide, according to the latest survey from ratings agency S&P Global.The exception is the US where the overall outlook is “positive”, noted the report S&P Global Ratings' 2017. The 21-page report considers broad economic and industry-specific trends. It looks at economic conditions, demographic trends and geopolitical risks that affect the movement of people and goods. “We expect stable or improving, but still frag
    Read More
  • South German road tunnel project to restart
    July 26, 2018
    Construction work on the Kramertunnel in South Germany is to restart. The tunnel is needed to help reduce traffic delays in the town of Garmisch-Partenkirchen in the southern German state of Bavaria and with lies next to the border with Austria. The twin tube tunnel stretches will both be around 2.8km long and the project will also include building six bridges as part of the new bypass around the town. The new bypass, with its tunnel and bridges, is required as traffic jams occur regularly in the town on th
    Read More

Highlighted Content