Afcons’ Croatian Contract Coup: Steering Ahead with €455 Million in Road Projects

Afcons Infrastructure Ltd has won a landmark victory by emerging as the lowest bidder for two massive highway projects with Croatian Motorways, securing orders worth over €455 million in aggregate. The victory is an indication of greater worldwide reach and dominance by the company within the road infrastructure segment.

 

Key Highlights:

 

Twin Package Victory:

Afcons Infra unveiled the lowest tender (L1) for Croatia's vital Package J324/23 (€240.6 million) and Package J325/23 (€214.5 million), solidifying further its status as an European road infrastructure powerhouse.

 

Major Road Improvements:

 

Package J324/23: With a cost of €240.6 million, this project will make major improvements in Croatian road connections.

 

Package J325/23: Worth €214.45 million, this package involves a section of an 11.5 km road from Slano to Puo Mravinjac, with the promise of increasing transport speed and safety.

 

Global Presence Enhanced:

These Croatian contracts add to Afcons' overseas project list and establish it as a contractor of preference for Europe's high-technology road and transport projects.

 

Investor Confidence: The successful bidding demonstrates Afcons' operational and competitive strength, which is poised to propel its topline, enhance stakeholder confidence, and consolidate its position on world platforms.

 

Source: TradingView, Reuters, BusinessUpturn, Wegro App on X