Skip to main content

Montenegro highway budget revealed

Chinese contractor China Roads and Bridges Company (CRBC) is spending €194 million to construct a key stretch of Montenegro’s Bar-Boljare highway during 2017. The Exim Bank in China is providing a loan facility worth €889.3 million to Montenegro’s Government to pay for the project. The loan is being provided over a 20-year period. This key stretch of the Bar-Boljare highway is 40km long and presents many technical challenges as it is one of the most complex sections of the route. This stretch will include 1
March 2, 2017 Read time: 1 min
Chinese contractor China Roads and Bridges Company (CRBC) is spending €194 million to construct a key stretch of Montenegro’s Bar-Boljare highway during 2017. The Exim Bank in China is providing a loan facility worth €889.3 million to Montenegro’s Government to pay for the project. The loan is being provided over a 20-year period. This key stretch of the Bar-Boljare highway is 40km long and presents many technical challenges as it is one of the most complex sections of the route. This stretch will include 13 bridges, 16 tunnels, four interchanges and five viaducts.

Related Content

  • New Montenegro bridge – close to completion
    August 23, 2018
    Construction work on the Moracica bridge project in Montenegro is now close to completion. Measuring 960m long, the bridge spans the Moraca River Canyon and is the most complex portion of the 41km first section to be built for the new highway connecting Bar with Boljare. Work on the bridge is expected to be complete by April 2019 and the structure is being built using some 30,000m3 of concrete and 5,200tonnes of reinforcing steel. The tallest of the bridge’s five piers will measure 158.5m in height, with
  • Montenegro secures Bar-Boljare tunnel financing
    August 19, 2019
    Montenegrin Ministry of Transport and Maritime Affairs has reported that a total of EUR 388mn (USD 447.53mn) has been secured for construction of 16 tunnels on the Bar-Boljare motorway.
  • Road investment benefit for Montenegro
    February 11, 2014
    China's Exim Bank is providing financing worth some €800 million to the Government of Montenegro for a highway project. The loan will be used to pay for work to a section of the Bar-Boljari highway stretch. The work on the Podgorica-Kolasin stretch is due to commence shortly and will be carried out by the Chinese contractor CC International. The Government of Montenegro will borrow some €118 million for capital projects and €240 million for the budget requirements. Of this, €10 million is to be borrowed fro
  • Montenegro: prime minister reviews Klopot tunnel works
    March 11, 2017
    Montenegro’s prime minister Dusko Markovic has given the thumbs up to progress of construction on the Klopot tunnel on the priority part of the Bar-Boljare motorway. He said that the works are being carried out according to the highest standards on 24km of the motorway. Markovic also said during his recent site visit that the government had allocated €194 million for motorway works in 2017. An additional €200-300 million will be set aside for completion of works.