An asphalt emulsion comprising water, asphalt, (A) an emulsifier selected from the group consisting of specific aliphatic amines, aminated lignins, imidazolines having a hydrocarbon group having 7 or more carbon atoms, and amidobetaines having a hydrocarbon group having 7 or more carbon atoms, (B) a polyphenolic compound, and (C) at least one member selected from the group consisting of anionic polumeric dispersants, hydroxycarboxylic acids and/or (D) at least one member selected from the group consisting of saccharides, sugar alcohols and polyhydric alcohols, which is excellent in storage stanility, mixability with aggregate and low foaming properties of the emulsion itself, in adherence of the products of breaking thereof to aggregate, and in stripping resistance of the construction executed by the use of the emulsion.