Skip to main content

Austria’s Asfinag sets out five-year investment plan

Austria’s road financing company Autobahnen- und Schnellstrassen-Finanzierungs (Asfinag) will invest around €8 billion in roads and motorways by 2024. Annual net profits stood at €824 million and debt was reduced by €235 million. Toll income was up 6.9% for trucks and busses to around €1.5 billion and for cars by 4.6% to around €690 million. Major future projects include the Vienna south-east tangent and the western motorway A1 as well as reconstruction of the motorway between Innsbruck and the German bor
May 13, 2019 Read time: 1 min
Austria’s road financing company Autobahnen- und Schnellstrassen-Finanzierungs (750 Asfinag) will invest around €8 billion in roads and motorways by 2024.


Annual net profits stood at €824 million and debt was reduced by €235 million. Toll income was up 6.9% for trucks and busses to around €1.5 billion and for cars by 4.6% to around €690 million.

Major future projects include the Vienna south-east tangent and the western motorway A1 as well as reconstruction of the motorway between Innsbruck and the German border.

Asfinag also said that improved tunnel safety is a high priority as several tunnels are currently being restored. Asfinag is adding 400 truck car parking spaces, bringing the total to 7,400 and focusing on the expansion of its electronic parking space search system.

UTC

Related Content

  • April 7, 2014
    Tennessee releases transportation program
    Tennessee Department of Transportation (TDOT) has released its three-year transportation program, featuring approximately US$1.5 billion in infrastructure investments for 59 individual project phases in 41 counties, as well as 14 state-wide programs. Due to the uncertainty of the future of the Federal Highway Trust Fund, TDOT has taken a conservative approach to this building program. The program does not feature early engineering work on any new projects. TDOT is continuing its pay-as-you-go philosophy and
  • September 7, 2015
    EBRD connects Kosovo to European Railway network
    The European Bank for Reconstruction and Development (EBRD) is providing a senior loan of US$44.5 million to finance the modernisation of Kosovo’s railway infrastructure, deepening regional integration and strengthening the country’s economic development. The loan to Infrastruktura e Hekurudhave të Kosovës (Infrakos), the national railway infrastructure company, will provide funding to upgrade Kosovo’s only international rail link, Rail Route 10. The 148 kilometre-long line is divided into three section
  • November 24, 2016
    UK government to invest in autonomous cars, low emission vehicles
    Presenting his Autumn Statement, Chancellor Philip Hammond announced investment in transportation, including £390 million for future transport and a major new investment in the UK transport infrastructure. The £390 million investment in future technology includes: investment in testing infrastructure for driverless cars; provision of at least 550 new electric and hydrogen buses, reduce the emissions of 1,500 existing buses and support taxis to become zero emission; installation of more charging points fo
  • November 21, 2022
    €7.2bn 'green' upgrade for Italian motorway
    The A22 between Modena and Bolzano will offer hydrogen filling and EV charging