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

  • The island of Mauritius is benefiting from new road links
    December 11, 2013
    The island of Mauritius is looking to expand its road links with upgraded highway infrastructure Aseries of road improvements are underway on the scenic island of Mauritius, which lies in the Indian Ocean around 2,000km off the coast of South-east Africa. Called the Road Decongestion programme, this has been set up by the Mauritius Government in a bid to improve transport and safety in this small island nation.
    Read More
  • The Russian government is set to revise roadbuilding standards and technologies
    May 29, 2013
    The Russian government is considering revising standards and technologies of roadbuilding in the country, writes Eugene Gerden. The aim is to accelerate implementation of one of the major public projects in the transport industry of Russia in the coming years: expansion of the road network from the current 900,000km to 1.3 million km by 2030 as part of the current Russian State Transport Strategy. According to a recent study, conducted by analysts of the Presidential Head Control Directorate, maintaining th
    Read More
  • Croatia’s Pelješac Bridge to open mid-year
    February 8, 2022
    China’s CRBC started construction on the bridge in 2019 amid concerns by European construction companies of price dumping.
    Read More
  • Increasing importance of alternate truck routes
    February 14, 2012
    The fabled Silk Route from China to Europe takes many forms, and is again becoming increasingly important as Patrick Smithreports The ancient Silk Road was never a single caravan route, but covered hundreds of kilometres in width extending in length for around 10,000km. This is the view of the European International Road Transport Union (IRU), and many other countries and organisations, who point out that it is a system of routes covering many countries via a series of branch roads that dates back some 2
    Read More

Highlighted Content