Montenegro spends €198m on upgrades in past five years

Montenegro has spent €198 million on road maintenance and construction in the past five years, according to Mirsad Ibrahimovic, director of the Directorate for State Roads. The government also announced this past summer that construction of the Bar-Bolijare highway is being accelerated. China Roads and Bridges Company is the main contractor the Podgoric-to-Matesevo stretch, with work set to remain within the €194 million budget.
November 2, 2018 Read time: 1 min

Montenegro has spent €198 million on road maintenance and construction in the past five years, according to Mirsad Ibrahimovic, director of the Directorate for State Roads.

The government also announced this past summer that construction of the Bar-Bolijare highway is being accelerated. China Roads and Bridges Company is the main contractor the Podgoric-to-Matesevo stretch, with work set to remain within the €194 million budget.

Major projects along the Bar-Bolijare highway include the 960m-long Moracica Bridge over the Moraca River Canyon, the most complex portion of the 41km first section of the Bar-Bolijare highway to be built.

Work on the Moracica Bridge is expected to be complete by April. Construction is by 3366 China Road and Bridge Corporation and 2349 Cowi was appointed by CRBC as consulting engineer for the bridges and tunnels on its section of the highway project.

Finance & Funding

For more information on companies in this article

Related Content

  • STRABAG building two more Polish routes
    January 12, 2018
    Contractor STRABAG has won deals to construct two more sections of the S7 route in Poland for some €198 million. The firm will build a total of 36km of the S7 route to the north of capital Warsaw. The construction work for the four lane route is expected to take 34 months to complete. One stretch runs from Strzegowo to Pieńki and is 22km long, the other stretch is 14km long and runs from Pieńki to Płońsk. The package of works also includes the construction of several junctions and rest areas as well as
    Read More
  • Eurovia secures a deal for Czech D35 work
    May 30, 2018
    The Czech division of Eurovia has won a €126 million contract for a section of the D35 motorway. The Czech road and motorway management company RSD sealed the deal Eurovia, part of the Vinci Group, for construction of 14.7km between Casy and Ostrov, in the Pardubice region. Eurovia submitted a bid of nearly €126 million for the work that the government and the European Union had estimated in 2016 might cost around €194 million. Other bids had been submitted by M-Silnice and Astaldi. Eurovia recently an
    Read More
  • Ramboll appointed independent engineer on Champlain Bridge Project
    September 8, 2015
    Ramboll has been appointed independent engineer for the planned Champlain Bridge Corridor project in Montreal, Canada. Ramboll, based in Denmark, will work with the Canadian consultant Stantec to review the design and construction schedule of the entire length of the bridge corridor, one of the largest infrastructure projects in North America. Stantec will review of all highway design along with site inspections for the project that will cross the St. Lawrence River and cost up to US$4.1 billion. “The ne
    Read More
  • Montenegro ensuring sound motorway financing
    June 4, 2015
    Montenegro is ensuring it has sound financing in place for the new Bar-Boljare highway that will link it with Serbia. The country has a €687 million loan in place for the project that was provided by China's Exim Bank. The country’s Ministry of Finance is setting out a strategy that will protect it from risk. The loan was provided (in US$) 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
    Read More

Highlighted Content