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

  • STRABAG wins Uganda road contract
    February 13, 2020
    Contractor STRABAG is to rebuild a section of road in Uganda.
    Read More
  • Nepal's upgraded links
    May 25, 2012
    The Indian Government is providing assistance for road construction work in neighbouring Nepal. This assistance is for building the Kulekhani – Kathmandu road section, which will be widened and upgraded with an asphalt surface. The road will be widened to 7.5m and the work is being carried out by Indian Contractor Golden Goods. Meanwhile asphalt surfacing work is has now been completed on Nepal’s Hetauda-Bhimphedi-Kulekhani-Pharphing-Chaimale road Section. Surfacing work is in hand on the remaining 21km sec
    Read More
  • Nigeria has built a major road link from concrete
    September 14, 2016
    A new concrete road is now open to traffic in Nigeria’s Kogi State. This is of note as the new 24km road is the now the country’s longest to be made from concrete. The new road was built in a joint venture partnership between Nigerian firm Dangote Construction and Brazilian company Andrade Gutierrez. The new road connects Kabba with Obajana. Part of the Dangote Group, Dangote Construction was well placed to carry out the work as it operates its Obajana Cement production facility, at Obajana. This new road
    Read More
  • Algeria bypass project underway
    December 1, 2015
    Work is now underway on a series of projects in Algeria, including the East West Highway and a key highway bypass. The 67km Khémis Miliana-Berrouaghia bypass is expected to cost around US$836 million, with work due for completion at the end of 2016. The project is being handled by an Algerian/Italian team.
    Read More

Highlighted Content