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Asphalt resurfacing is paving a new layer of asphalt over an existing asphalt pavement surface and is less expensive than excavation and repaving an area. Asphalt resurfacing referred to sometimes as an asphalt overlay can be completed in less time than excavating and repaving. Asphalt resurfacing / asphalt overlay can be performed on existing asphalt parking lots and driveways. Asphalt resurfacing can be an efficient option for pavement that is in fair condition but has some problem areas.