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

Related Content

  • Eastern European highway and tunnel projects
    May 15, 2012
    Serbia’s Corridor 10 project, seen as key to the country’s future economic development, is 20 years behind schedule. With construction delayed and the matter being debated, the Serbian Ministry for Infrastructure, which reported the schedule delay, says the country is working as fast as possible, with 22km being built/year. The corridor will connect the country with its neighbours and provide an important route for through traffic.
    Read More
  • Serbia in talks with Shandong Hi-Speed and China Road and Bridge
    October 22, 2014
    Talks are underway between the Serbian Ministry of Construction, Transport and Infrastructure and two Chinese companies for construction and maintenance the two sections of the Belgrade-Pozega part of the E-763 motorway. The two Chinese companies, Shandong Hi-Speed Group and the China Road and Bridge Corporation (CRBC), are hoping to build the 18km stretch between Surcin and Obrenovac, the 31km between Preljina and Pozega and the 103km between Obrenovac and Preljina. No value of the work has been conf
    Read More
  • Serbia and Bosnia consider options for a Belgrade-Sarajevo project
    December 19, 2016
    Serbia and Bosnia have started talks on constructing a fast highway between the Serbian capital Belgrade and Sarajevo, capital of Bosnia and Herzegovina. Serbian Vice President Zorana Mihajlovic met with the Bosnian minister of transport, Ismir Jusko, to agree on forming a joint working group to consider routes and road construction, according to the Serbian newspaper B92. Mihajlovic said that Serbia's main focus is for building the 100km Pozega-Visegrad section, of which 60km is in Serbia and 40km in
    Read More
  • Major German road contract awarded
    September 2, 2020
    A major road contract has been awarded close to Hesse in Germany.
    Read More

Highlighted Content