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

  • September 25, 2019
    Where is tolling tech taking us?
    From DSRC and RFID to GNSS or smartphones – which technology is ‘best’ for tolls, charging and pricing schemes? In the first of two articles, Josef Czako examines the options
    Read More
  • July 24, 2015
    Study: How to fund Interstate highways in a way truckers and drivers can support
    As the US Congress once again struggles to find funding for a long-term highway bill, a new Reason Foundation study details why truckers should embrace the use of tolling to finance the reconstruction and modernisation of aging Interstate highways, describes how all-electronic tolling can solve the industry’s previous privacy and logistical concerns about toll roads and proposes a set of rules to ensure that the tolls paid by truckers and motorists are used only to rebuild and widen the newly tolled Inters
    Read More
  • April 4, 2018
    UTA launches Europe-wide toll solution
    Union Tank Eckstein (UTA) has launched a solution for European electronic toll services (EETS) with the intention of allowing transport companies and forwarding agents to travel with a single on-board unit with all fees charged to one invoice. Called UTA One, the platform initially supports the toll systems in Belgium, France, Italy, Austria, Poland, Portugal and Spain. Germany and other European countries will be added through an over-the-air update. This option is also said to feature the integration
    Read More
  • June 5, 2018
    TRA 2018: Vienna conference highlights
    Digitalisation of transport systems, the regulation of new technologies and more charging points for electric vehicles in cities were among the talking points at this year’s Transport Research Arena conference. Alan Dron sifts through the highlights in Vienna. More than 3,000 transport sector specialists converged on TRA 2018, where the four-day event’s agenda included scores of topics covering regulation, technology and the effect of the digitalisation of road transport systems. Who should control those
    Read More

Highlighted Content