!!!ASFINAG, Autobahnen- und Schnellstraßen-Finanzierungs-Aktiengesellschaft

ASFINAG, Autobahnen- und 
Schnellstrassen-Finanzierungs-Aktiengesellschaft, highway and road 
construction financing company, owned by the Republic of Austria, 
provides funding for the construction and maintenance of  Autobahns 
and Schnellstrasse roads in Austria, founded in 1982 to finance 
special road construction companies in Austria, since 1987 also 
finances building construction projects and since 1989 high-capacity 
railway lines. In 1992 ASFINAG spent ATS 3.18 bn on road 
construction, ATS 3.61 bn on high-capacity railway lines and ATS 
320 m for building construction projects. From 1997 ASFINAG was 
no longer financed by the state budget ("New ASFINAG") and took on its 
debts of ATS 76 bn. At the same time it was provided with a nominal 
capital ATS 8 bn and since that time has enjoyed the usufruct of the 
high-calibre Austrian road network and is thus entitled to charge  
tolls. In return, ASFINAG is obliged to ensure the structural and 
organisational maintenance of the road network as well as to guarantee 
the completion of the motorway and Schnellstrasse road network as 
planned.

\\
Tolls on the  Toll Roads are levied on behalf of ASFINAG by the  Alpen 
Strassen AG (ASG) and the  OeSAG. In 1999 ASFINAG spent ATS 4 bn on 
the construction, expansion and extension of Austria's motorways and 
Schnellstrasse roads; ATS 1.7 bn was spent on reconstruction and 
maintenance.


%%language
[Back to the Austrian Version|AEIOU/ASFINAG,_Autobahnen-_und_Schnellstraßen-Finanzierungs-Aktiengesellschaft|class='wikipage austrian']
%%

[{FreezeArticle author='AEIOU' template='Lexikon_1995_englisch'}]
[{ALLOW view All}][{ALLOW comment All}][{ALLOW edit FreezeAdmin}]