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

  • December 20, 2013
    Indra wins big in Mexico
    Spanish technology multinational Indra has been awarded four new contracts worth US$17 million for its traffic control and toll technology in Mexico. The technology will be implemented on the Paquete Michoacán motorways, the Poetas fast lane, the Celaya ring road motorway and the Necaxa Tihuatlan tunnels. Intelligent traffic systems (ITS) and toll systems will be deployed on the Celaya ring road motorway, including a control centre to integrate the various ITS and surveillance sub-systems via closed circ
    Read More
  • December 16, 2013
    European ideal poses local problems for toll companies
    Being the first organisation attempting to implement an interoperable system poses challenges and increases risk that must be managed to realise the benefits. The European Electronic Toll Service (EETS) legislation aims to avoid the problems experienced in the USA and provide road users with seamless travel across the EU but it can pose big problems for some toll operators. Take, for instance, the case of the Humber Bridge in the UK. Its case was highlighted at the recent ITS World Congress by Tim Gammons,
    Read More
  • May 11, 2012
    Funding shortfall for US Interstate upgrades
    Andrew Bardin Williams investigates tolling on the federal Interstate system as maintenance and upgrade requirements increasingly outpace funding The I-95 corridor through North Carolina is one of the most heavy trafficked interstates in the US, seeing upwards of 46,000 vehicles per day in some stretches-and North Carolina’s Department of Transportation (NCDOT) estimates this number will to rise to 98,000 vehicles per day by 2040. Along with the rest of the federal interstate system, the North Carolina str
    Read More
  • May 3, 2017
    Countering truckers’ parking conundrum
    Colin Sowman hears about a new truck parking information system being piloted across eight states. Legislation limits truck drivers’ hours with the result that they are often caught in a situation where they need to stop either for a break or an overnight rest. But as truck parking is in short supply, truck drivers spend an average of 56 minutes a day searching for available spaces and are often faced with the choice of driving beyond their permitted hours or parking illegally.
    Read More

Highlighted Content