China opts for domestic Montenegrin firms

China Road and Bridges Corporation has reportedly appointed 67 Montenegrin contractors for its work in Montenegro. Contractually, CRBC must have at least 30% of the work going to Montenegrin firms, according to the national Montenegrin roads company Monteput. Monteput also said that the value of construction work in 2016 grew by over 30% to €383 million in comparison with 2015.
March 17, 2017 Read time: 1 min
China Road and Bridges Corporation has reportedly appointed 67 Montenegrin contractors for its work in Montenegro.

Contractually, CRBC must have at least 30% of the work going to Montenegrin firms, according to the national Montenegrin roads company Monteput.

Monteput also said that the value of construction work in 2016 grew by over 30% to €383 million in comparison with 2015.
Finance & Funding

Related Content

  • Work to start on key Mozambique bridge and roads project
    August 30, 2012
    Work is about to get underway on the Maputo-Catembe bridge and the nearby Bela Vista-Boane and Catembe-Ponta do Ouro roads in Maputo province, Mozambique. Cadmiel Muthemba, Mozambique minister of public works and housing, revealed the imminent start date for the project which will include a bridge spanning around 3km, while the roads will have a combined length of 209km.
    Read More
  • Galliford Try aims to downsize its construction business
    April 25, 2019
    UK construction and infrastructure business Galliford Try is reviewing its construction business with a view to downsizing. “The review will reduce the size of the construction business, focusing on its key strengths in markets and sectors with sustainable prospects for profitability and growth, where we have a track record of success,” the company said in a written statement. “The board anticipates that this review will result in reduced profitability in the current year reflecting a reassessment of
    Read More
  • China opens record-breaking bridge
    April 11, 2012
    China has opened the world's longest bridge over water, the 41.58km Jiaozhou Bay Bridge, which is said to have cost well over US$2 billion to build. It links the eastern port city of Qingdao to Huangdao Island across Jiaozhou Bay and is 4km longer than the previous longest bridge over water, the Lake Pontchartrain Causeway in Louisiana, USA. Opened in June, 2011 after four years of construction, the link is expected to carry some 30,000 vehicle/day and will reduce travel time by 30 minutes, although it is o
    Read More
  • Bangladesh elevated expressway contract awarded
    November 22, 2021
    The contract for an important Bangladesh elevated expressway contract has been awarded.
    Read More

Highlighted Content