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Infrastructure

Strabag Extends Viennese Underground

Extension of underground line U1 in Vienna: The Austrian construction group receives contract for two construction lots. The order value reaches about € 90m.

March 21, 2012

Austria Underlines South Tyrol´s Autonomy

Austrian State Secretary Wolfgang Waldner on working visit in South Tyrol. Austria suggests an “Alpine Strategy”.

March 19, 2012

Turkey as Growth Market for Siemens Austria

Siemens Austria ´s CEO Wolfgang Hesoun regards Turkey as most attractive growth market, as the economy is highly diversified and shows high economic growth rates.

March 12, 2012

New Riyadh Sewage Plant With Austrian Technology

Saudi Arabia's Minister signs contract over 80 Mio $ sewage purification plant. ILF participates in the awarded consortium.

March 5, 2012

Kapsch TrafficCom Receives Order in Belarus

Kapsch TrafficCom receives order for a nationwide electronic toll collection system in Belarus. The contract value for implementation of the system reaches € 267m.

February 29, 2012

EIB: Fewer Funds for Austrian Companies

After a record in 2011, the European Investment Bank (EIB) will reduce lending to Austrian companies this year.

February 24, 2012

ÖBB Cuts Early Retirements and Projects

The Austrian Railways (ÖBB) has to reduce costs by € 1.6bn until 2016. The major part is based on cost cuts in infrastructure projects.

February 11, 2012

Austrian Government Resolves Austerity Package

Speculation terms on real estate will be abolished, the tax privilege on 13th and 14th salary too. Inheritance taxes or enrollment fees will not be re-introduced.

February 9, 2012

Scharinger: „Rating Agencies Are Instruments of Torture“

The leaving CEO of RLB Upper Austria, Ludwig Scharinger, is convinced that Europe needs must make itself more competitive against the U.S. financial industry.

January 24, 2012

Austrian Railways Reduced Losses

The Austrian Railways (ÖBB) is still in the red. Nevertheless, losses were lower than initially expected.

January 19, 2012

Austria Grants Highest Subsidies in Europe

In 2010, subsidies amounting to 6.5% of the Austrian GDP were distributed. The EU-average is only the half.

January 7, 2012

Austerity Package for Austrian Railways?

According to media reports, the Austrian Railways (ÖBB) faces drastic steps. Among others, a hiring freeze is discussed.

December 19, 2011

Bombardier Considers to Leave Vienna

The Canadian company is threatened to close its factory in Vienna, unless the city government orders new subway trains.

November 14, 2011

Swietelsky and Strabag Win Orders in Romania

The Austrian construction companies were commissioned by the national railways to renovate the infrastructure on two lines.

November 11, 2011

Concerns About Austria´s Finance

Due to missing infrastructure projects, Austria loses € 28bn year by year. The President of the Audit Court, Josef Moser, regards the situation of Austria´s finance as dramatic.

November 7, 2011

AUA Claims Relief from Charges

Austrian Airlines seeks to reduce its charges at Vienna International Airport. This is due to the landing rights of the Emirates Airline.

November 1, 2011

Construction Companies Fight for Romanian Order

Three Austrian construction companies – Strabag, Porr and Alpine – compete for a major order from the Romania railways. The order volume is € 258m.

October 24, 2011

Austrian Railways to be Widened

The EU Commission declares the Austrian South Axis to be strategically important.

October 19, 2011

Major Pumped-storage Power Plant Commissioned

Austrian Verbund invested € 405m invested in expansion of hydro power. The construction ofa new hydro power plant in the Austrian Alps has been finished.

October 11, 2011

OMV to Resume Oil Production in Libya

The Austrian oil corporation had to abandon oil production in Libya at the beginning of the year. Now, OMV wants to continue its operations.

October 10, 2011

Cooperation Between Kapsch and Asfinag Extended

Austrian Kapsch TrafficCom and Asfinag Mautservice GmbH set out a framework agreement on the operations and maintenance contract for the nationwide electronic truck toll collection system in Austria until the end of 2018.

October 4, 2011

Better Transport Connection for Flughafen Wien

The Vienna International Airport will receive a better train connection. Flight guests, which are not coming from Vienna will arrive significantly faster at the airport.

September 26, 2011

New Difficulties for Brenner Tunnel

The project of the alpine tunnel between Austria and Italy, which is the core of a trans-European axis, faces new problems. The Italian government plans to tender the license for the highway Europe-wide.

September 12, 2011

Asfinag Pays First Dividend Since 2008

A pending lawsuit might cost the Austrian motorway financing company up to € 37m. Full-year profit is still expected to rise.

September 8, 2011

CEE Economic Forum: Green Trends for Eastern Europe

In 2011, Forum Velden in Carinthia celebrates its 5th anniversary. Since its foundation in 2006, over 1.500 experts, top-managers and politicians from over 25 countries have participated in the Forum.

September 7, 2011

Italian Strabag subsidiary Wins € 161m contract in Tuscany

Adanti, the subsidiary of the Austrian building company will upgrade the State Road 223 between Grosseto and Siena. Adanti´s share is 65%.

September 7, 2011

New Attempt for Oil Pipeline Bratislava – Schwechat

New impetus for the Austro-Slovak infrastructure project: The pipeline would link OMV to the Russian network.

July 20, 2011

ÖBB’s Debt Will Amount to € 30bn in 2020

Large infrastructure development projects will almost double the Austrian Federal Railways’ debt. In relation to other European countries, Austria spends the second highest amount per capita on the expansion of rail networks.

July 4, 2011

CEO of Verbund Expects Steady Increase of Electricity Price

Anzengruber demands faster approval procedures for the expansion of infrastructure in order to keep prices on an affordable level.

June 1, 2011

Zagreb Airport: Austrian construction companies hope for an addition

Austrian construction companies Strabag and Alpine fight for the award of an additional contract in a € 200m project.

May 11, 2011

Is Nabucco Turning into a Cost Trap?

The Nabucco gas pipeline could be twice as expensive as previously planned, according to sources from Turkey.

May 6, 2011

Surprising Profit at ASFINAG

With an annual result of € 339m for 2010, the Austrian motorway financing company had much better results than expected.

May 6, 2011

Gas Pipeline Project for EVN

The Austrian energy company EVN to invest € 150m in high-pressure natural gas pipeline

May 4, 2011

Kern Leads an Image Campaign for ÖBB

With humorous content, but caused by the serious situation of the Austrian State Railway, CEO Christian Kern intends to promote greater understanding for the Group.

April 26, 2011

ÖBB Debt Reduction is Further Delayed

The debt of the Federal Railroad increases dramatically through the acquisition of a 25% share in the Brenner Base Tunnel (BBT) project,

April 15, 2011

ÖBB Promote Construction of the Brenner Tunnel

After the ÖBB detached themselves from the financing of the Brenner tunnel in February, an agreement was reached with the Ministry of Finance.

April 14, 2011

Kern: "We are Struggling for Survival"

The CEO of the Austrian Federal Railways (ÖBB), Christian Kern, paints a dramatic picture of the largest domestic transport company.

April 8, 2011

Importance of Danube as Transport Route Increases

Freight transport volume on the river Danube increased by 18.6% in 2010. Goods receipt rose by 25.4%.

April 1, 2011

Official start of construction of Austria's largest building project

The start of construction of the controversial Koralm tunnel, a railway connection between Carinthia and Styria, has occurred. The 20km long tunnel will be completed in 2022.

March 29, 2011

Economy: "South Axis” Demands Recovery Program

Styria and Carinthia are at a disadvantage concerning infrastructure compared with other provinces, was the criticism of the Economic Chambers of the "strong south".

March 25, 2011

Bosnia is a Promising Market for the Austrian Construction Industry

The Bosnian government invests in highway construction and energy: Austria is a top foreign investor in Bosnia-Herzegovina

March 16, 2011

Andritz: Possible Loss of the Belo Monte Project

The Brazilian government is fighting for the realization of the controversial Belo Monte project, whose approval has been blocked in court.

March 3, 2011

Austria as Central Europe’s Logistics Hub

Austria's transport industry shows optimism. The employment situation is expected to improve still further.

March 1, 2011

SW Umwelttechnik: Turnover up by 12%

Despite improving sales, the Austrian company still records losses. However, the operating results are positive.

March 1, 2011

WKÖ: "Clear Commitment to the Brenner Base Tunnel is Needed”

The chairman of the Austrian Economic Chamber considers the tunnel between Italy and Austria as a pioneering infrastructure project.

February 23, 2011

Brenner Tunnel: ÖBB will not pay

The Austrian Federal Railways will only accept to build the tunnel for € 10bn, if the costs are passed on to the state.

February 22, 2011

Difficulties in ÖBB Restructuring

The Austrian Federal Railways cannot get out of their debt crises. Restructuring of the freight division requires additional funding

February 15, 2011

Vienna International Airport: Third Runway for € 1.8bn

The proposed project is not firm yet, but the estimated costs are between € 1.2 and € 1.8bn due to extensive construction work.

February 12, 2011

Massive Increase in Public Debt

Austrian public debt could rise dramatically soon by a new calculation involving separate legal entities.

February 10, 2011

Potential for Austrian Construction Industry in Poland

Market experts predict a sharp increase in construction activity: a market growth of up to 12% is expected for the next two years.

February 10, 2011
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