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

  • India's US$100 billion highway investment
    May 29, 2012
    India intends to continue its massive investment in highway spending. Predictions for the next five years say that up to US$100 billion will be spent on road building in the country in the coming five years. The Ministry for Road Transport and Highways plans to build 35,000km of highways, with 60% being provided by the Government budget and 40% from the private sector. The Ministry of Road, Transport and Highways will open up tendering for nine highway projects. The National Highway Authority of India (NHAI
    Read More
  • Cummins sets new quarterly record
    November 6, 2023
    The US-headquartered global off-highway machine engine giant posted a 15% year-on-year revenue rise to US$8.4 billion.
    Read More
  • Amey moves back down under
    July 23, 2025
    UK contractor Amey will now operate in Australia again through its recent acquisition of engineering consultancy Premise.
    Read More
  • Russia's massive road investment continues
    March 23, 2012
    Russia’s road building and upgrading programme is now gathering pace. Russia's Federal Highway Agency plans to bring over 85% of federal roads into conformity with road traffic regulations. The Federal Highway Agency has boosted construction of rural roads by establishing road funds and built over 500km in 2011.
    Read More

Highlighted Content