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

  • Loans for Georgian roads
    July 20, 2012
    Loans from the European Investment Bank (EIB) and the EU will finance highway work in Georgia. The funds will be used to pay for the construction of the high-speed motor road running from West – East across Georgia. The EIB will give a long-term preferential credit worth €170 million, while the EU will provide a €20 million grant. As part of the project, a four lane highway measuring 52km will be built from Samtrediya – Grigoleti, while the 16km section Grigoleti - Kobuleti stretch will be repaired.
    Read More
  • Bosnia-Herzegovina motorway first
    July 5, 2012
    THE EBRD (European Bank for Reconstruction and Development) is increasing its support for the modernisation of the transport infrastructure of Bosnia-Herzegovina with a €21 million loan for the completion of the construction of the Banja Luka-Gradiska motorway. The motorway, being built with financing from both the EBRD and the European Investment Bank (EIB), is the first in the Republika Srpska, and links the capital Banja Luka with the international transport Corridor X [a pan- European corridor which run
    Read More
  • Reducing highway construction costs
    May 15, 2012
    Cost reductions sought The transport authorities in Montenegro are still considering ways to reduce the construction costs of the Bar-Boljare highway. Croatian company Konstruktor is still keen to work on the highway project, which it priced at €2.7 billion. The Montenegro government cancelled Konstruktor’s concession agreement for the project recently. The Israeli-Greek consortium comprising Aktor, Shikun and Binui-HCH was the second ranked bidder for the project and is in talks with the Montenegro gove
    Read More
  • Ukraine's pivotal plans
    February 16, 2012
    The authorities in the Ukraine are in discussions regarding financing for a major road project, as well as making plans for the country's first ever highway concession.
    Read More

Highlighted Content