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
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 21, 2025
1 min readLast updated: January 22, 2026
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.
(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.
The reconstruction of the Dugo Selo-Novska railway track will be financed with European Union funds, HZ Infrastruktura said on its website.
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)
A railway project involves the construction, reconstruction, or maintenance of railway infrastructure, including tracks, stations, and signaling systems, aimed at improving transportation efficiency.
European Union funds are financial resources allocated by the EU to support various projects in member states, including infrastructure development, research, and social initiatives.
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.
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