[en] Full text: The 10 Hz/0.5 MW AUSTRON neutron spallation source is dedicated for high resolution structural and dynamical investigations of condensed matter and for new fundamental research with neutrons. New magnetic focusing and bunching systems are under development which create additional intensity gain factors of 10 - 20. Clean room conditions including vibration, temperature and humidity control will improve the standard of neutron optical and neutron reflectometry experiments considerably. Narrow band neutron perfect crystal resonators and storage systems are foreseen for a novel beam tailoring. A dedicated new ultra-cold neutron station will open a new horizon for experiments in the sub-neV region. Recently the project got additional support of the Austrian governmental board for research and technological development which recommended the forced continuation of the project, the installation of a professional project group and the cooperation with the European spallation project and with the neighboring countries. (author)