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.
Finance & Funding Road Structures

Related Content

  • Chinese firm building Montenegro highway
    October 17, 2016
    A Chinese contractor is building a new highway in Montenegro. The 40km highway will include a tunnel stretch as well as a bridge. China Communications Construction Company (CCCC) is the contractor carrying out the construction work, which is costing around €800 million. The project features a number of challenges as the route passes through difficult terrain. It is due to the number of mountains and valleys along the route that the tunnel stretch and bridge are required so as to ensure that the highway will
    Read More
  • Serbia inks two road deals with China at 16plus1 summit
    April 23, 2019
    Serbia said it signed two road construction agreements with China during the 16plus1 Summit in Dubrovnik, Croatia earlier this month. The two deals are for construction of the Pozega-Boljare and Novi Beograd-Surcin road routes. The Pozega-Boljare project alone is worth €2 billion and will be financed from the existing loan from the Exim Bank, according to media reports. China’s east-west Belt and Road Initiative was the focus of the annual 16plus1 Summit that brought together leaders from Beijing plus
    Read More
  • Progress is being made with Serbia’s Corridor 11 highway project
    October 8, 2012
    Work is underway in Serbia for the Corridor 11 highway project and a number of local firms are now carrying out construction work on the Corridor 11 section from Ub to Lajkovac. Meanwhile Azvirt from Azerbaijan is preparing the Ljig to Preljina stretch of the highway, with the €300 million work being financed by Azerbaijan. The Serbian Government is asking China’s Exim Bank for a long term loan of €850 million, of which €300 million would be for the Corridor 11 project and €550 million would be for the Mora
    Read More
  • Montenegro to start work on its Bar-Serbian border motorway
    May 6, 2015
    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.
    Read More

Highlighted Content