Afcons Infrastructure Ventures into Europe with Major Railway Project in Croatia

Afcons Infrastructure Ventures into Europe

In a landmark announcement, Afcons Infrastructure Ltd has been officially selected as the most qualified bidder for a significant railway project in Croatia. This selection signifies Afcons' entry into the European market and underscores its long-standing commitment to providing world-class infrastructure solutions. This project represents the largest international order for the company to date.

Mr. Krishnamurthy Subramanian, the Executive Chairman of Afcons Infrastructure Ltd, stated, "This project marks a pivotal milestone in Afcons' global journey, as we expand our presence in Europe. It reflects our capability to deliver complex, large-scale infrastructure solutions across diverse geographical regions. We take pride in contributing to the modernization of a railway network in a European country, and this achievement further solidifies our status as a trusted partner in international infrastructure development."

The project entails the rehabilitation of the existing railway line along with the construction of an additional track. In addition to civil engineering work, it encompasses overhead electrification, signaling, and telecommunications improvements. The total value of the project is estimated at €677.07 million, excluding taxes.

Mr. S Paramasivan, the Managing Director of Afcons Infrastructure Ltd, elaborated on the project's scope, explaining that it involves not just physical upgrades to the tracks but also modernizing the electrical and communication systems vital for efficient railway operation. This comprehensive approach positions Afcons to impact transportation infrastructure positively while fostering economic growth in the region.

Afcons is dedicated to generating sustainable value for stakeholders through transformative projects that connect communities and stimulate economic expansion. Mr. Kshitiz Bhasker, Director of Business Development at Afcons, mentioned that the company is currently fulfilling the necessary formalities in accordance with established procedures. Furthermore, Mr. Udai Veer Singh, Head of the Railway Segment at Afcons, emphasized that the company is ready to mobilize for the project's execution as soon as all approvals are secured.

About Afcons Infrastructure Ltd

Afcons Infrastructure Ltd is the flagship engineering and construction company of the Shapoorji Pallonji Group. With over 60 years of experience, it boasts a strong track record of executing numerous technically complex EPC projects both domestically and internationally. In the latest ENR survey, Afcons has been ranked among the top 140 global contractors, securing the 12th position in bridge construction and the 8th in maritime and port projects.

This noteworthy foray into European infrastructure is not just a testament to Afcons’ capabilities but also a reflection of India's growing influence in the global infrastructure sector. As Afcons takes this significant step forward, the company is poised to further enhance its role on the international stage, bringing innovation and excellence to railway infrastructure development in Croatia and beyond.