Croatia’s state-owned motorway management company Hrvatske Autoceste (HAC) said it has received seven bids in its tender for the construction of a nine-kilometre section of the Zagreb-Split-Dubrovnik motorway with an estimated value of 201 million euro ($234 million).

The subject of the procurement procedure is the Rudine-Slano section of the Metkovic-Dubrovnik motorway segment, HAC said in a statement on Thursday when it opened the bids submitted by three international consortia and four foreign companies.

The lowest bid of 240.6 euro, VAT excluded, was submitted by Indian construction and engineering company Afcons Infrastructure Limited, while Turkey's Dogus made the highest bid, at 370.2 million euro.

China Road and Bridge Corporation proposed to do the job for 285.9 million euro. A consortium of Croatia's Strabag d.o.o. and Austria's Strabag AG, made a bid worth 320.9 million euro.

A consortium of Indian Ashoka Buildcon Limited and Swedish highway developer Serneke lnternational Group proposed to build the Rudine-Slano section for 342 million euro, while Turkey's Cengiz placed a bid valued at 345.5 million euro.

A consortium of Croatia's Texo Molior and China Civil Engineering Construction Corporation submitted a bid of 348.9 million euro.