PM Modi’s visit sparks Indian bids for Croatia’s infrastructure

Prime Minister Narendra Modi’s visit to Zagreb last month is prompting growing interest from Indian companies in major infrastructure projects in Croatia.

Over the past week, Afcons Infrastructure Ltd submitted three bids for state railway and road-building projects in the euro area’s newest member, worth 1.1 billion euros ($1.3 billion) in total. Another Indian company, a conglomerate led by Ashoka Buildcon Ltd, is also vying for the same railway reconstruction contract as Afcons.

Croatian Prime Minister Andrej Plenkovic praised India’s growing interest in maritime trade routes to the Mediterranean when he met his Indian counterpart in June to discuss mutual economic and defense cooperation. New Delhi is a relative newcomer to the Balkans where Beijing has invested heavily in infrastructure projects through its Belt and Road initiative.

A Chinese consortium led by China Road and Bridge Corporation built a 2.4 kilometer (1.5 miles) Peljesac bridge, Croatia’s largest sea bridge, that opened in 2022 and was paid for mainly using European Union funds. It helped connect the country’s coastal territory and bypass a strip of Bosnian territory in a boost to transport and tourism.