Asfinag to invest US$1.28bn in Austrian roads during 2013

Austrian state-owned motorway operator 4178 Asfinag says it will invest US$ 1.28 billion (€960mn) in motorways and highways in 2013. This includes $466.65 million for maintenance. The rest is for new roads and extensions of existing ones. A total of $9.19 billion will be spent between now and 2018. The company said that its debts will rise from $15.73 billion to $15.99 billion. One focus will be on improving the safety of tunnels. Asfinag will also make an effort to avoid construction-related traffic jams.