Austria road and tunnel development plans

Major road and tunnel development plans are being set out in Austria. The country’s road traffic management business, ASFINAG, has set a budget of €1.1 billion for new works to be carried out during 2018. A planned 50% of the budget will be utilised for building new roads or for tunnel works. The remaining 50% will be used to pay for necessary road repairs and maintenance works. In addition, Asfinag has set a budget of €100 million to introduce the latest toll collection systems.
February 16, 2018 Read time: 1 min

Major road and tunnel development plans are being set out in Austria. The country’s road traffic management business, 4178 ASFINAG, has set a budget of €1.1 billion for new works to be carried out during 2018. A planned 50% of the budget will be utilised for building new roads or for tunnel works. The remaining 50% will be used to pay for necessary road repairs and maintenance works. In addition, Asfinag has set a budget of €100 million to introduce the latest toll collection systems.

Finance & Funding

For more information on companies in this article

Related Content

  • Increased infrastructure spending
    February 22, 2012
    With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
    Read More
  • Autonomous road paving
    October 7, 2024
    Strabag handles autonomous road paving trial in Austria.
    Read More
  • Chile-Argentina tunnel project to take nine years
    May 3, 2017
    Construction work for the Agua Negra tunnel connecting Argentina with Chile is expected to take nine years to complete. The actual construction work will commence in 2019, although considerable activity will be required beforehand. Building the tunnel is expected to cost in the orders of US$1.5 billion. Much of the financing for the project is being provided by the Inter-American Development Bank (IADB). So far the IADB has given $20 million to Argentina and a further $20 million to Chile to pay for the nec
    Read More
  • Road repair works planned for Guatemala and Honduras
    May 7, 2021
    Road repair works are now being planned for Guatemala and Honduras.
    Read More

Highlighted Content