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

  • Sourcing road financing for East Africa’s network expansion
    December 4, 2015
    East Africa’s ambitious road expansion programme is seeing the network expand significantly – Shem Oirere writes The East Africa countries of Kenya, Tanzania, Uganda and Rwanda have announced ambitious road sector expansion plans in the 2015/16 financial year. This is despite their national budgets being weighed down by huge deficits and persisting lack of capacity to spend resources allocated to the sector in previous years. With the huge budget deficits, the countries will have to look for alternati
    Read More
  • Tender evaluation nears for Croatia’s Peljeski Bridge Project
    September 22, 2017
    Croatia’s roads agency Hrvatske Ceste will soon start evaluating tenders for the controversial Peljeski Bridge project, according to national media. Bids for construction of the four-lane 2.4km long bridge have been submitted by the China Road and Bridge Corporation, Austria's Strabag as well as consortia headed by Italy’s Astaldi and the Turkish company Ictas. The bridge will connect Croatian territory by traversing the Adriatic Sea’s Mali Ston Bay.
    Read More
  • Russian road-building industry on verge of massive cuts
    June 10, 2015
    Russia’s road building programme looks set to be cut due to economic issues - Eugene Gerden writes The Russian Government is considering a significant cut to the existing road building programme for the current year. This is due to a current economic crisis in the country, caused by Western sanctions as well as a collapse in the price of oil and gas.
    Read More
  • British Colombia in Canada plans major road investment
    March 20, 2015
    In Canada the British Colombia Government has announced a programme of road and highway upgrades worth a total of US$1.99 billion (C$2.5 billion). The investment will be used to rehabilitate side roads, highways and bridges across the province. This plan will include repaving some 1,000km/year of provincial highway, with this plan stretching out over a period of 10 years. A key portion of the work will be to widen Highway 1 section to six lanes between Abbotsford and Langley. The proposed plan has been titl
    Read More

Highlighted Content