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 investment sought for Cameroon roads
    September 19, 2024
    Chinese investment is being sought for Cameroon’s road improvements.
    Read More
  • A decade for completing the 105km Cork-Limerick M20
    December 10, 2018
    It could be a decade before Ireland’s 105km Cork-Limerick M20 motorway is finished, the government has warned. Road safety groups and businesses have been pushing for the €900m M20 motorway because of issues over fatalities on the existing rural route. Simon Coveney, Ireland’s deputy prime minister, said the government was committed to the route – the largest motorway project to be undertaken in the next 25 years, and money has been earmarked for it. According to Irish media, Coveney also noted tha
    Read More
  • Chinese loan for Bangladesh
    August 26, 2021
    A Chinese loan will be used for road works in Bangladesh.
    Read More
  • Mozambique bridge due to open
    May 11, 2018
    Mozambique’s Maputo-Catembe Bridge is due to open shortly and will become Africa’s longest suspension bridge. The 3km bridge will form part of the road connection between Maputo, Mozambique’s capital, and Catembe. The bridge is costing over US$700 million, with much of the necessary funding being provided by the Export Import Bank of China. The new bridge will improve transport and reduce journey times for drivers, who currently have to rely on ferries travelling between Maputo and Catembe.
    Read More

Highlighted Content