Afcons Infrastructure has provided a status update regarding its project bids in Croatia. While the company has been selected as the most suitable bidder for a major railway project on the Dugo Selo-Novska line, it confirmed the cancellation of two road construction packages (J324/23 and J325/23). The road tenders were withdrawn by the client after the company’s bid prices exceeded their allocated financial resources.
Railway Project Status
Afcons Infrastructure continues to make progress on its international project portfolio. The company has been officially selected as the most suitable bidder for the Dugo Selo-Novska railway line project. This development involves comprehensive rehabilitation and the construction of a second track, including essential overhead electrification, signalling, and telecommunication infrastructure for HŽ INFRASTRUKTURA d.o.o.
Road Infrastructure Developments
Regarding its road construction segment in the Republic of Croatia, the company provided an update on two specific packages: Package J324/23 and Package J325/23. Both tenders have been cancelled by the client, Croatian Motorways Ltd. The decision follows a review of the bidding process where it was determined that the company’s offered pricing surpassed the client’s planned and secured financial resources for these specific infrastructure developments.
Next Steps
Afcons Infrastructure remains committed to transparency regarding its international operations. The company has stated that it will continue to keep stakeholders and the stock exchanges informed as further developments occur concerning these projects. These updates follow initial intimations provided by the company on May 11, 2026, and May 16, 2026.
Source: BSE
