New highway for Montenegro

Croatian consortium Konstruktor is starting discussions over the construction of the Bar-Boljari motorway in Montenegro with the country's government. Konstruktor won the tender with a bid of €2.77 billion for the project, which involves building 170km of highway. The Montenegrin government is securing funding of €1.74 billion, while the reminder will be secured by Konstrukotr. Work is expected to start in October 2009.
July 9, 2012 Read time: 1 min
Croatian consortium 1567 Konstruktor is starting discussions over the construction of the Bar-Boljari motorway in Montenegro with the country's government.

Konstruktor won the tender with a bid of €2.77 billion for the project, which involves building 170km of highway.

The Montenegrin government is securing funding of €1.74 billion, while the reminder will be secured by Konstrukotr. Work is expected to start in October 2009.

For more information on companies in this article

Related Content

  • New ring road to solve problem of traffic jams in Ukraine capital Kiev
    May 10, 2018
    Ukraine’s capital Kiev will benefit from a new ring road – Eugene Gerden writes The government of Ukraine, together with the authorities of the Ukrainian capital Kiev, plans to invest up to US$2 billion in the building of a new ring road around the city. The new road, known as the Great Ring Road, will be around 200km long, of which 65km will be of existing roads and 148km of new roads. The ring road will connect three international transport corridors that run through the territory of Ukraine, as well
    Read More
  • Poland plans promise projects
    July 6, 2012
    The Polish General Directorate for National Roads and Motorways (GDDKiA) plans to announce over 30 tenders for road investments during the first half of 2009. GDDKiA's budget for 2009 is estimated at €7.68 billion. Among others, a tender will be called for the construction of a ring road around the Polish town of Krasnik and for the construction of the S19 road from Miedzyrzec Podlaski to Lubartow, which will also include the construction of two ring roads around Kocek and around Wola Skromowska. GDDKiA is
    Read More
  • Morocco tender
    May 3, 2012
    The Moroccan Government is increasing its investment in roads and highways by 21% from last year. The country intends to spend US$6.32 billion on improving the road network. A further $14.5 billion is expected from private sources and other funding bodies. Work on the El Jadida-Safi highway project will commence in 2012 and is expected to cost $497million. Work on the Tit Mellil-Berrechid highway section will cost $152.55 million. The authorities in Morocco are now assessing 13 bids submitted in the tender
    Read More
  • Montenegro ensuring sound motorway financing
    June 4, 2015
    Montenegro is ensuring it has sound financing in place for the new Bar-Boljare highway that will link it with Serbia. The country has a €687 million loan in place for the project that was provided by China's Exim Bank. The country’s Ministry of Finance is setting out a strategy that will protect it from risk. The loan was provided (in US$) for a 20 year repayment period, with a grace period of six years. However Montenegro’s Ministry of Finance is taking steps to prevent any future currency fluctuations fro
    Read More

Highlighted Content