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

  • Work begins on Stockholm’s new bypass
    August 22, 2016
    The first tunnels are being excavated for the huge bypass tunnel in Sweden’s capital Stockholm – Adrian Greeman writes. After years of preparation and design, blasting and rock moving for Sweden's largest infrastructure project began south of the city this year. It sets in train a decade-long project that will create a new half-ring dual three-lane motorway for the city, 20km long. With most of it deep underground, it will also be one of Europe's largest ever road tunnels. The scheme is aimed at transformin
    Read More
  • Australia highway opening soon in Melbourne
    October 19, 2017
    Melbourne’s major tolled highway project is due to open to traffic shortly, some three months earlier than originally anticipated. The CityLink project has been a major one for Victoria State and has added new lanes for the route along a length of 30km. Carrying around 210,000 vehicles/day, the CityLink route handles the highest levels of any traffic route in Melbourne. The addition of the new lanes on the route has formed part of the major Tulla Widening Project by VicRoads to improve road connections in V
    Read More
  • India’s road to safety
    September 5, 2012
    India's growth rate is the envy of the world, and its infrastructure is rapidly improving, but its road safety record is the world's worst. Patrick Smith reports on a conference aimed at finding answers to the problems Ambling through the gardens and marble magnificence that is the Taj Mahal or gazing down on the city of Jaipur from the hilltop Jaigarh Fort is far removed from the world outside.
    Read More
  • Cameroon’s road investments growing the road network
    December 15, 2023
    Cameroon’s road investments are expanding the country’s road network.
    Read More

Highlighted Content