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

  • Montenegro highway project
    July 10, 2017
    Construction of Montenegro’s Bar-Bolijare highway project is being accelerated. This will ensure that the work remains on schedule and will be able to meet the planned completion date.
    Read More
  • Motenegro motorway project underway
    May 4, 2016
    Work is now proceeding as planned on a key motorway project in Montenegro, according to the country’s Ministry of Transport and Sea. The project for the new Bar-Boljare motorway is being carried out by the China Road and Bridges Corporation (CRBC), and the China Communications Construction Company (CCCC).
    Read More
  • Slovakia pushes ahead with the R4 Presov northern bypass
    September 27, 2017
    Slovakia’s national motorway company NDS said it would tender the second stage of the 10.2km R4 Presov northern bypass during the first half of 2018. The project is estimated to be worth around €314 million.
    Read More
  • Kenyan capital’s key connection construction contract cost climbs
    February 27, 2018
    The project to build the new highway link from Kenya’s capital Nairobi to the city’s Jomo Kenyatta International Airport (JKIA) is now expected to cost US$579 million. This represents an increase of around $206 million from the pricetag originally expected for the link. This cost increase comes despite a substantial change in the design, with the route now featuring a series of flyover sections and underpasses, instead of being elevated along its 43.5km length as originally proposed. This redesign will
    Read More

Highlighted Content