Motenegro motorway project underway

Work is now proceeding as planned on a key motorway project in Montenegro, according to the country’s Ministry of Transport and Sea. The project for the new Bar-Boljare motorway is being carried out by the China Road and Bridges Corporation (CRBC), and the China Communications Construction Company (CCCC).
May 4, 2016 Read time: 1 min

Work is now proceeding as planned on a key motorway project in Montenegro, according to the country’s Ministry of Transport and Sea. The project for the new Bar-Boljare motorway is being carried out by the China Road and Bridges Corporation (CRBC), and the 2661 China Communications Construction Company (CCCC). The Montenegro Government is investing over €800 million in the project.

Meanwhile funding worth €840.35 million for the project has been borrowed from China's Exim Bank. This has a repayment period and of over 20 years a grace period of six years, with the interest rate of 2%. The motorway route may have be amended by the contractors due to challenges with the existing alignment and the works is due for completion by 2020.

Road Structures Finance & Funding

For more information on companies in this article

Related Content

  • Chinese funding will help pay for Macedonia road project
    October 4, 2013
    In Macedonia a new 50km section of highway will be constructed, with €574 million of financing coming from China's Export-Import Bank. The Exim Bank credit line to Macedonia will be used to build a the highway connecting Skopje and Stip. The new route will also link Stip with pan-European transport corridor 10. The loan will carry an interest rate of 2% and will have a 20 year term with a five year grace period. Macedonia is close to completing work on the corridor 10 road project, which is worth €300 milli
    Read More
  • Serbian roads to get Chinese funding
    November 28, 2012
    Talks between the Chinese Development Bank and the Serbian Government could result in €400-€450 million of Chinese funding for Serbian highway projects. The Danube coast and the Corridor 11 projects are among those earmarked for a potential cash boost. Serbia’s Ministry for Transport (MOT) is also in talks with Chinese partners about other highway builds including100km of the Belgrade-Cacak, Belgrade-Obrenovac, Preljina-Ljig and Lajkovac-Ljig routes, as well as the 100km Pojate-Preljina project. China Road
    Read More
  • China transport investment
    November 27, 2012
    In China, the news that the construction industry has been waiting for came with an announcement over infrastructure spending. The Chinese Government said it will invest heavily in infrastructure spending over the next few years, some US$157 billion, particularly in extending the country’s high speed rail network. Some $4.45 billion will be invested in transport infrastructure in 2012. Of the total, $790 million will go on rural road improvements, of which 88% will be used in the central and western regions
    Read More
  • Chinese firm building Montenegro highway
    October 17, 2016
    A Chinese contractor is building a new highway in Montenegro. The 40km highway will include a tunnel stretch as well as a bridge. China Communications Construction Company (CCCC) is the contractor carrying out the construction work, which is costing around €800 million. The project features a number of challenges as the route passes through difficult terrain. It is due to the number of mountains and valleys along the route that the tunnel stretch and bridge are required so as to ensure that the highway will
    Read More

Highlighted Content