Montenegro ensuring sound motorway financing

Montenegro is ensuring it has sound financing in place for the new Bar-Boljare highway that will link it with Serbia. The country has a €687 million loan in place for the project that was provided by China's Exim Bank. The country’s Ministry of Finance is setting out a strategy that will protect it from risk. The loan was provided (in US$) for a 20 year repayment period, with a grace period of six years. However Montenegro’s Ministry of Finance is taking steps to prevent any future currency fluctuations fro
June 4, 2015 Read time: 1 min
Montenegro is ensuring it has sound financing in place for the new Bar-Boljare highway that will link it with Serbia. The country has a €687 million loan in place for the project that was provided by China's Exim Bank. The country’s Ministry of Finance is setting out a strategy that will protect it from risk. The loan was provided (in US$) for a 20 year repayment period, with a grace period of six years. However Montenegro’s Ministry of Finance is taking steps to prevent any future currency fluctuations from having a negative effect. In all, the project is expected to cost some €810 million. The first stretch of the highway will be constructed by the China Road and Bridges Corporation (CRBC) company.
Finance & Funding

Related Content

  • Many Moroccan motorway projects now in hand
    November 11, 2014
    Morocco’s Casablanca-Rabat motorway accounts for almost 20% of motorway tolls in the country, generating US$25.16 million for Autoroutes du Maroc (ADM) in the first half of 2014, a growth of 4.1% from the previous year. With relatively low maintenance costs (mainly used for widening the road) the Casablanca-Rabat motorway is ADM's most profitable route. The 76km route is travelled by 51,000 vehicles/day, far higher than any other motorway. The Berrechid-Agadir motorway (which includes Berrechid-Marrakesh an
    Read More
  • Compact equipment leads the way to record results for Wacker Neuson
    August 4, 2015
    Light and compact equipment maker Wacker Neuson Group, based in Munich, Germany, reported record revenue and earnings for the first half of 2015. Revenue for the first six months of 2015 increased 14% relative to the same period 2014, reaching €706.4 million, a record high, the company said in a written statement. “Our business grew significantly, despite negative market developments in many countries, especially outside of the US and Europe,” said Cem Peksaglam, chief executive of Wacker Neuson.
    Read More
  • Serbia in talks with Shandong Hi-Speed and China Road and Bridge
    October 22, 2014
    Talks are underway between the Serbian Ministry of Construction, Transport and Infrastructure and two Chinese companies for construction and maintenance the two sections of the Belgrade-Pozega part of the E-763 motorway. The two Chinese companies, Shandong Hi-Speed Group and the China Road and Bridge Corporation (CRBC), are hoping to build the 18km stretch between Surcin and Obrenovac, the 31km between Preljina and Pozega and the 103km between Obrenovac and Preljina. No value of the work has been conf
    Read More
  • Wacker Neuson reports strong Q3 performance
    November 12, 2013
    Compact equipment manufacturer Wacker Neuson reports an upturn in its business in the third quarter of 2013. This comes despite the difficult economic climate. The firm’s revenue for the third quarter of 2013 was 8.6% higher than the same period in 2012 and reached €276.3 million, compared €254.5 million in the previous year. Taking into account currency fluctuations, this represents an increase of 13% according to the firm. “When viewed against negative trends in certain markets, we can be satisfied with t
    Read More

Highlighted Content