Story perspectives

Afcons Wins €677 M Croatia Rail Contract, Shares Jump 8%

5/12/2026

Summary

Story summary

Afcons Infrastructure Ltd was chosen as the most suitable bidder for Croatia’s €677.07 million Dugo Selo–Novska railway project.
HŽ Infrastruktura said Afcons offered the lowest bid of €677,055,750.67 excluding VAT.
The EU-co-financed contract adds a second track, electrification, signalling, station upgrades and crossing removals, allowing trains to run up to 160 km/h.
Afcons shares rose 8% on May 12 after the company confirmed receipt of a proposal to award the INR7,544 crore project.

1 of 1

Story summary

Afcons Infrastructure Ltd was chosen as the most suitable bidder for Croatia’s €677.07 million Dugo Selo–Novska railway project.
HŽ Infrastruktura said Afcons offered the lowest bid of €677,055,750.67 excluding VAT.
The EU-co-financed contract adds a second track, electrification, signalling, station upgrades and crossing removals, allowing trains to run up to 160 km/h.
Afcons shares rose 8% on May 12 after the company confirmed receipt of a proposal to award the INR7,544 crore project.