Montenegro motorway construction costs climbing

Construction of Montenegro’s Bar-Boljare motorway now looks likely to cost substantially more than originally planned. The project was originally budgeted at €80 million however Montenegro’s Ministry of Transport has now revealed that the work will have a pricetag some €15 million greater, totalling €95 million. This increase is considerably more than had been allowed for. The work is to be carried out by Chinese contractor CRBC although the deal has yet to be signed officially. The Smokovac-Matesevo stretc
February 8, 2019 Read time: 1 min

Construction of Montenegro’s Bar-Boljare motorway now looks likely to cost substantially more than originally planned. The project was originally budgeted at €80 million however Montenegro’s Ministry of Transport has now revealed that the work will have a pricetag some €15 million greater, totalling €95 million. This increase is considerably more than had been allowed for. The work is to be carried out by Chinese contractor CRBC although the deal has yet to be signed officially. The Smokovac-Matesevo stretch of the route is supposed to be completed by May 2019 although it is not clear if this can be achieved.

Finance & Funding

Related Content

  • New highway connection between Montenegro and Bosnia
    September 23, 2014
    New highway links between Montenegro and Bosnia will make major improvements in transport links for the two countries. Bosnia Herzogovina plans to build its 110km stretch of the Adriatic-Ionic highway that will connect with Montenegro. Meanwhile in Montenegro, plans are in hand for the first stretch of the Bar-Boljare highway. The Bosnian Government is finalising the route for the Adriatic-Ionic highway, based on an earlier feasibility study. This route is of prime importance for the region as it will conne
    Read More
  • Montenegro plans new bridge and tunnel construction projects
    May 12, 2017
    Construction of a bridge and two new tunnels on Montenegro’s Bar-Boljare highway will go ahead. Permission for the projects was given by the country’s Ministry of Sustainable Development. The work is for the new Zagradje Bridge link as well as the Mrki Krs and Durilovac tunnels, which will be constructed for the 41km highway stretch from Smokovac to Matesevo. The Zagradje Bridge will in fact feature dual structures carrying traffic in either direction, with one measuring 100m long and the other 150m. The co
    Read More
  • Montenegro secures Bar-Boljare tunnel financing
    August 19, 2019
    Montenegrin Ministry of Transport and Maritime Affairs has reported that a total of EUR 388mn (USD 447.53mn) has been secured for construction of 16 tunnels on the Bar-Boljare motorway.
    Read More
  • Cowi appointed advisor for Bar-Boljare highway in Montenegro
    November 16, 2017
    Consulting engineer Cowi has been appointed adviser on bridge and tunnel work for the Smokovac-Uvac-Matesevo section of the 170km Bar-Boljare highway in Montenegro. The Smokovac-Uvac-Matesevo section is a priority project for the Bar-Boljare highway project that will eventually run north to south from Montenegro's main sea port of Bar to the Serbian border. Cowi was awarded the work from main project contractor China Road and Bridge Corporation.
    Read More

Highlighted Content