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.

Urban Traffic Control

Related Content

  • October 6, 2014
    Funds for junction improvement to boost safety and tackle congestion
    A US$4.6 million Highways Agency project to boost safety and reduce congestion around key junctions along the A585 south of Fleetwood in Lancashire, UK, is underway. The road is to be widened and improved at two junctions, boosting capacity between Bourne Way and West Drive and providing an additional lane in each direction. Signals at the junction with Bourne Way will improve the safety and ease for drivers joining and leaving the A585. Work on the improvements started on Monday 15 September and is due
    Read More
  • September 29, 2020
    Chicago pop-up lanes keep buses moving 
    Two 24-hour dedicated routes support essential workers, says CDoT
    Read More
  • September 11, 2017
    Investment by players in global IoT in intelligent transportation systems drives growth, finds TMR
    Some of the major players in the global market for internet of things (IoT) in intelligent transportation systems are investing heavily in developing solutions, according to Transparency Market Research. As a result, it predicts that the market for IoT in intelligent transportation systems will rise at a 19.8 per cent CAGR during the period between 2017 and 2025. At this pace, the market is likely to attain a value of US$249.84 billion by the end of 2025 from US$41.57 billion in 2015.
    Read More
  • May 3, 2017
    AAA urges Trump Administration to focus on deteriorating roadways
    Key roadway improvements have the potential to save 63,700 lives and prevent 353,560 serious injuries in the US over a 20-year period, according to a new report from the AAA Foundation for Traffic Safety. With the US ranked nearly last among high-income nations in annual traffic fatalities, which continue to rise, AAA urges the Trump Administration to make repairing and maintaining America's roadways a top priority. With an investment of US$146 billion, the report recommends six cost-effective roadway impro
    Read More

Highlighted Content