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

  • Norway road project sees cost reduction
    October 25, 2017
    New technology now looks likely to reduce the cost of Norway’s massive Ferry Free E39 road project. The work had originally been expected to come with a price tag of as much as €36.47 billion (NOK 340 billion) when the plans were announced in early 2016. According to the Norwegian Public Roads Administration (Statens vegvesen), the crossing over the Bjørnafjorden is now likely to be €858.1 million (NOK 8 billion) less costly
    Read More
  • Costa Rica road projects moving forward - slowly
    July 18, 2017
    Costa Rica is moving ahead with a series of major road projects, but progress is proving slower than anticipated or desired. The Costa Rica Government is struggling to achieve satisfactory progress with its overall road improvement programme. So far the key focus has been on maintaining existing links rather than building and improving road connections. The country’s National Laboratory for Structural Material and Models (Lanamme) has produced a report revealing that 85% of the national roads are in accepta
    Read More
  • Road repair costs increase for German project
    May 4, 2018
    Rebuilding a stretch of the A20 Autobahn in Germany is now costing more than originally expected. The work to upgrade the A20 in the North East of the country had a budget of €100 million when planned. However the cost of the work has increased considerably.
    Read More
  • Germany’s electric avenue providing truck charging
    April 20, 2018
    An innovative electric highway trial project is now being prepared in Germany. The work will see a section of the busy A5 Autobahn route being equipped with overhead wires, which will be used to power electric trucks
    Read More

Highlighted Content