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

  • Times they are a changing
    July 23, 2012
    Construction in China still appears to be on course for growth even with the gloomy economic outlook, as it enjoys "a strong budgets position." Patrick Smith reports One thing is certain in the current global economic climate: nothing is certain. And while China has not been unaffected by the economic events of recent months it has, according to Robert Zoellinck, president of the World Bank, a very strong current account and budgetary position. For some years, the nation has enjoyed double digit growth (the
    Read More
  • Balfour included on major UK Highways Agency framework contract
    November 7, 2014
    Balfour wins place on major UK Highways Agency road framework contract Balfour Beatty’s UK construction business has been appointed by the UK’s Highways Agency to a new collaborative framework contract for projects totalling more than US$3.95 billion (£2.5 billion). Under the framework arrangement, Balfour is one of five contractors that the agency can call upon to deliver individual projects worth between $160 million and $713 million (£100 million and £450 million) on Lot 3B of the Collaborative Del
    Read More
  • Switzerland to invest €821.07mn more on congestion reduction
    June 17, 2014
    A further €821.07 million (CHF 1 billion) is to be spent on reducing traffic problems on Swiss roads, including the A4. The FORTA fund should be used to finance the expansion of the motorways between Meyrin and Vernier-Le Vengeron, Luterbach and Harkingen and Andelfingen and Winterthour. A further €32.83 million should be spent on work around Crissier, which already benefited from €98.51 million of the €1.14 billion allotted in the first phase of traffic jam reduction. The second €816.85 million phase is to
    Read More
  • Transylvanian motorway breaks new ground in engineering
    July 11, 2012
    Normally in hilly ground, we would use the excavated soil from the cuttings to fill the valleys," says Bogdan Sgarcitu, External Affairs Manager of construction company Bechtel. "But on this stretch the clay-like soil cannot be compacted, so we've had to use many more piles than normal: in just three months we installed more than 500, some drilled as deep as 24m. We've also had to transport millions of tonnes of materials over some less-than-perfect infrastructure."
    Read More

Highlighted Content