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

  • Slovakia tunnel sections underway but some delays
    January 23, 2018
    The route for new tunnel links for Slovakia’s D1 highway has been agreed. New tunnels now look set to be built on the 13.5km stretch between Turany and Hubova section of the D1 highway. This plan calls for the construction of the Korbelka and Havran tunnels at an estimated cost of €900 million. Building these two links would bypass the Lower Fatra mountain range, with the Korbelka Tunnel measuring 5.9km and the Havran Tunnel measuring 2.9km long. The Slovak Environment Ministry rejected an appeal against th
    Read More
  • Netherlands projects in hand
    February 4, 2021
    Several key projects are in hand in the Netherlands.
    Read More
  • Algeria cancels contractor’s construction contract
    July 24, 2014
    Japanese contractor Cojaal's contract for the construction of a stretch of Algeria’s East-West highway has been cancelled. The Algerian Ministry for Public Works terminated the contract as the firm had not met the requirements of the initial agreement when the deal was signed. The exact cause of this contract cancellation has not been revealed and nor is it clear if this development will bar the firm from tendering for future projects in the country. Much of Algeria’s East-West highway is complete but some
    Read More
  • Russia’s trans-continental route
    August 10, 2018
    Russia is spending US$10 billion on building a 2,000km section of road connecting China with the EU – Eugene Gerden reports Russia has now started building a 2,000km section of a new transcontinental route, which will connect China and the EU. According to senior officials from the Russian Ministry of Transport, which is implementing the project, the new road, will be known as the Meridian and will stretch through the Russian territory that borders with Kazakhstan and Belarus. This route forms the Russian
    Read More

Highlighted Content