Afcons Infrastructure Ltd Steps into Europe with Major Railway Development in Croatia
Afcons Infrastructure Ltd has officially made a significant stride in its international development by announcing its successful selection for a pivotal railway project in Croatia. This marks a monumental achievement for the company, as it not only strengthens its global footprint but also exemplifies its capability to deliver high-quality infrastructure projects worldwide.
The announcement was made recently by Krishnamurthy Subramanian, the Chairman of Afcons Infrastructure Ltd, who expressed excitement over this landmark project. According to him, this initiative symbolizes a turning point for Afcons as it ventures into the European market. Subramanian articulated that receiving this contract underscores the company’s potential to tackle complex infrastructure challenges and provide pragmatic solutions across various global territories.
In detail, the project will involve the renovation of the existing railway track as well as the construction of a new second track. The scope of work also includes overhead electrification, signaling systems, and telecommunication services, which are critical for modern railway operations. The total estimated value of the contract stands at approximately €677.07 million, excluding taxes, highlighting the significance of this endeavor both financially and strategically.
S. Paramasivan, the Managing Director of Afcons, shared additional insights into the specific components of the project. He noted that the renovation and construction efforts are designed to enhance the efficiency and reliability of railway services in Croatia. This not only benefits the local economy but also enhances safety and connectivity for passengers.
"Afcons is dedicated to generating sustainable value for stakeholders through transformative projects that connect communities and spur economic growth," remarked Kshitiz Bhasker, the Director of Business Development at Afcons. He emphasized that the company is currently in the process of completing necessary formalities to commence project execution, revealing that the preparations are already in an advanced stage.
Additionally, Udai Veer Singh, Head of the Railway segment at Afcons, mentioned that the company is committed to ensuring that this project adheres to international standards and regulations, emphasizing the importance of both quality and safety.
This milestone project stands as testimony to Afcons Infrastructure Ltd's 60+-year legacy in engineering and construction, where it has built a reputation for successfully executing technologically complex EPC projects both in India and overseas. Based on a recent survey by ENR, Afcons ranks among the Top 140 global construction companies, securing the 12th position in the Bridges sector and the 8th position in Marine Ports.
The expansion into Europe represents more than just a new project; it is an affirmation of Afcons’ commitment to not only grow its portfolio but also to contribute positively to the development of infrastructure in different parts of the world. The ambitions of Afcons are clear – to remain a trusted partner in infrastructure development on an international scale, fostering collaboration that drives innovation and progress in the essential services that move people and goods across regions.
In conclusion, as Afcons Infrastructure embarks on this groundbreaking project in Croatia, it reaffirms its role in shaping the future of global infrastructure, creating pathways for sustainable and efficient transport solutions that cater to the modern demands of both passengers and freight alike.
The announcement was made recently by Krishnamurthy Subramanian, the Chairman of Afcons Infrastructure Ltd, who expressed excitement over this landmark project. According to him, this initiative symbolizes a turning point for Afcons as it ventures into the European market. Subramanian articulated that receiving this contract underscores the company’s potential to tackle complex infrastructure challenges and provide pragmatic solutions across various global territories.
In detail, the project will involve the renovation of the existing railway track as well as the construction of a new second track. The scope of work also includes overhead electrification, signaling systems, and telecommunication services, which are critical for modern railway operations. The total estimated value of the contract stands at approximately €677.07 million, excluding taxes, highlighting the significance of this endeavor both financially and strategically.
S. Paramasivan, the Managing Director of Afcons, shared additional insights into the specific components of the project. He noted that the renovation and construction efforts are designed to enhance the efficiency and reliability of railway services in Croatia. This not only benefits the local economy but also enhances safety and connectivity for passengers.
"Afcons is dedicated to generating sustainable value for stakeholders through transformative projects that connect communities and spur economic growth," remarked Kshitiz Bhasker, the Director of Business Development at Afcons. He emphasized that the company is currently in the process of completing necessary formalities to commence project execution, revealing that the preparations are already in an advanced stage.
Additionally, Udai Veer Singh, Head of the Railway segment at Afcons, mentioned that the company is committed to ensuring that this project adheres to international standards and regulations, emphasizing the importance of both quality and safety.
This milestone project stands as testimony to Afcons Infrastructure Ltd's 60+-year legacy in engineering and construction, where it has built a reputation for successfully executing technologically complex EPC projects both in India and overseas. Based on a recent survey by ENR, Afcons ranks among the Top 140 global construction companies, securing the 12th position in the Bridges sector and the 8th position in Marine Ports.
The expansion into Europe represents more than just a new project; it is an affirmation of Afcons’ commitment to not only grow its portfolio but also to contribute positively to the development of infrastructure in different parts of the world. The ambitions of Afcons are clear – to remain a trusted partner in infrastructure development on an international scale, fostering collaboration that drives innovation and progress in the essential services that move people and goods across regions.
In conclusion, as Afcons Infrastructure embarks on this groundbreaking project in Croatia, it reaffirms its role in shaping the future of global infrastructure, creating pathways for sustainable and efficient transport solutions that cater to the modern demands of both passengers and freight alike.
Topics Heavy Industry & Manufacturing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.