Montenegro to start work on its Bar-Serbian border motorway

China's Exim Bank has paid €94.30 million as the first installment for construction of the first part of the Bar-Serbian border motorway. Montenegro’s minister of finance, Radoje Zugic, said that construction is expected to begin within the next few weeks. Exim Bank has approved 85% of the total €810 million load, payable over 20 years, for construction of the first part of 49km of the motorway. Is set at 2% with a grace period of six years. Total length of the motorway will be 170km.
May 6, 2015 Read time: 1 min
China's Exim Bank has paid €94.30 million as the first installment for construction of the first part of the Bar-Serbian border motorway.

Montenegro’s minister of finance, Radoje Zugic, said that construction is expected to begin within the next few weeks.

Exim Bank has approved 85% of the total €810 million load, payable over 20 years, for construction of the first part of 49km of the motorway. Is set at 2% with a grace period of six years.

Total length of the motorway will be 170km.
Finance & Funding

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