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.

Related Content

  • April 9, 2014
    Gothenburg’s year of congestion charging
    A year after it went live, Colin Sowman examines the technology used for Gothenburg’s congestion charging system and the effect the scheme has had on commuters. When it comes to long-term planning, the Scandinavians take some beating.The West Swedish Agreement is a case in point. Introduced in 2009, the Agreement runs through to around 2027 and aims to create an attractive, sustainable and growing region, and over that timescale the number of journeys is expected to increase by a third. Therefore the Agreem
  • September 15, 2015
    EIB backing for London transport
    The European Investment Bank (EIB) has agreed to provide US$1.5 billion for investment in the London transport network. The 35 year loan from Europe’s long-term lending institution will support major projects, including significant upgrades by Transport for London (TfL) at Victoria and Bank Tube stations, which will transform passenger access at two of the busiest stations in the capital. The new support was announced by Jonathan Taylor, vice president of the European Investment Bank and Steve Allen, ma
  • September 22, 2015
    Smart parking systems can help reduce traffic congestion, report finds
    According to a recent report from Navigant Research, global revenue for smart parking systems is expected to total $1.5 billion from 2015 to 2024. The report, Smart Parking Systems, analyses the evolution of smart parking technology and the smart parking systems market, including global market forecasts for smart parking systems hardware, software, and services through 2024. The parking industry is being revolutionised by new technologies that enable cities to reduce levels of traffic congestion, conserv
  • October 4, 2018
    Hyperloop could create $10bn supply chain manufacturing ecosystem
    Hyperloop has the potential to create a $10 billion supply chain manufacturing ecosystem in the Middle East, says Virgin Hyperloop One. The company says it could also improve safety, decrease pollution and reduce congestion, and adds that the United Arab Emirates (UAE) and Kingdom of Saudi Arabia are well-placed to benefit from disruptive technologies in transportation, with governments from both countries exploring autonomous pods, driverless cars and flying taxis. Amjad Almkhalalati, director