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Indian Firms Submit €1.1 Billion in Bids for Croatia’s EU-Funded Rail and Road Projects

The bids underscore India’s first major challenge to China’s established Belt and Road projects in Croatia.

Overview

  • Afcons Infrastructure offered the lowest tender of €620 million for a major railway reconstruction contract floated by HZ Infrastruktura.
  • The same Mumbai-based firm placed highway bids of €240.5 million and €214.4 million in southern Croatia against China Road and Bridge Corporation.
  • Combined Indian offers now total over €1.1 billion across rail and road tenders, marking a deepening New Delhi push into EU-backed Balkan infrastructure.
  • Croatia’s Foreign Minister Gordan Grlić Radman recently traveled to Beijing to seek additional Chinese investment in green energy and infrastructure.
  • During Prime Minister Modi’s June visit, India and Croatia agreed to strengthen links via the India–Middle East–Europe Economic Corridor and cooperate on maritime connectivity.