Finance
Four Companies Bid for Croatia's Largest Railway Project
Published by Global Banking & Finance Review®
Posted on July 21, 2025
1 min readLast updated: January 22, 2026
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Quick Summary
Four companies bid for Croatia's largest railway project, the Dugo Selo-Novska line, funded by the EU. The project is estimated at 620 million euros.
Four Firms Compete for Croatia's Major Railway Reconstruction Project
Overview of the Railway Project
(Reuters) -Four companies submitted bids for the rebuilding of an 83-km railway and construction of a new track in central Croatia, the country's largest rail project ever estimated to cost 620 million euros ($725 million), a state infrastructure operator said on Monday.
Bidding Companies and Their Offers
The reconstruction of the Dugo Selo-Novska railway track will be financed with European Union funds, HZ Infrastruktura said on its website.
Funding and Project Timeline
A consortium of Ashoka Buildcon Ltd, Serneke International Group AB and Konkan Railway Corp Ltd offered to perform the work for 780 million euros, HZ Infrastruktura said.
Afcons Infrastructure Ltd has submitted a 677-million-euro bid, while Turkish companies Dogus Insaat ve Ticaret Anonim Sirketi and Cengiz Insaat Sanavi ve Ticaret A.S. have bid 990 million and 873 million euros respectively.
The bids will be evaluated in a timeframe provided by law and a contract signed after the selection of the economically most favourable offer, HZ Infrastruktura said. It is estimated that the works will last nearly six years.
($1 = 0.8592 euros)
(Reporting by Daria Sito-Sucic; Editing by Dale Hudson)
Key Takeaways
- •Four companies submitted bids for Croatia's largest railway project.
- •The project involves rebuilding an 83-km railway track.
- •Estimated cost of the project is 620 million euros.
- •The project will be funded by European Union funds.
- •Construction is expected to last nearly six years.
Frequently Asked Questions about Four companies bid for Croatia's largest railway project
1What is a railway project?
A railway project involves the construction, reconstruction, or maintenance of railway infrastructure, including tracks, stations, and signaling systems, aimed at improving transportation efficiency.
2What are European Union funds?
European Union funds are financial resources allocated by the EU to support various projects in member states, including infrastructure development, research, and social initiatives.
3What is a bidding process?
A bidding process is a competitive procedure where companies submit proposals to undertake a project, with the aim of being selected based on the best offer.
