Road investment benefit for Montenegro

China's Exim Bank is providing financing worth some €800 million to the Government of Montenegro for a highway project. The loan will be used to pay for work to a section of the Bar-Boljari highway stretch. The work on the Podgorica-Kolasin stretch is due to commence shortly and will be carried out by the Chinese contractor CC International. The Government of Montenegro will borrow some €118 million for capital projects and €240 million for the budget requirements. Of this, €10 million is to be borrowed fro
February 11, 2014 Read time: 1 min
China's Exim Bank is providing financing worth some €800 million to the Government of Montenegro for a highway project. The loan will be used to pay for work to a section of the Bar-Boljari highway stretch. The work on the Podgorica-Kolasin stretch is due to commence shortly and will be carried out by the Chinese contractor CC International. The Government of Montenegro will borrow some €118 million for capital projects and €240 million for the budget requirements. Of this, €10 million is to be borrowed from the Bank for Development of Council of Europe, €20 million from the 1166 European Bank for Reconstruction and Development, €20 million from the 1054 European Investment Bank (EIB), and €68 million from the 2332 World Bank.
Road Structures Finance & Funding

Related Content

  • Lithuania: EIB to issue loan for Vilnius-Utena A14 highway
    September 21, 2016
    The European Investment Bank (EIB) is looking at issuing a €40 million loan towards reconstruction of Lithuania's Vilnius-Utena A14 highway. According to a notice by the EIB earlier this year, the project includes reconstruction of 58km highway, the main traffic artery between the capital and north-eastern regions of Lithuania. The government intends to procure the project as a public-private partnership under a 13-year concession contract, including a 3-year construction period. The bank noted that t
    Read More
  • Mongolia road development project going ahead
    March 14, 2019
    A major road development project for Mongolia will be carried out on the AH-3 route.
    Read More
  • Nepal's bridge building benefits from bank input
    February 15, 2012
    Nepal's transport network is to benefit from investment worth US$100 million, with a substantial portion being provided by the World Bank (WB).
    Read More
  • A game changer for the Balkans – road safety & innovation forum
    July 10, 2019
    IRF Expands Operations in South East Europe Close to 300 delegates, including representatives from key Bulgarian road agencies, took part in the 2nd Road Safety & Innovation Forum on May 15th at the joint invitation of the International Road Federation, EuroRAP and the Bulgarian Branch Association for Road Safety. “We had designed this event with the idea that countries such as Bulgaria, currently lagging behind in meeting their traffic injury reduction targets, could seize technological enablers that
    Read More

Highlighted Content