Indian, German companies interested in Montenegro's Bar-Boljare project.

By bne IntelliNews March 20, 2013
Germany's manufacturer of tunnelling equipment, Herrenknecht AG, has indicated interest in the construction of the 41km section of Montenegro's Bar-Boljare motorway between Smokovac and Matasevo, Montenegro's transport ministry announced in a statement. Another potential investor, India's infrastructure company IL&FS Transportation Networks Limited (ITNL), is also interested in cooperating with the government in the Bar-Boljare motorway project, the ministry said in a separate statement. Meetings between Ivan Brajovic, Montenegro's transport minister and officials of both companies were held in the beginning of the week in Podgorica. The construction of the Bar-Boljare motorway is the largest ever infrastructure project the tiny Adriatic state is preparing to launch. It was initialled six years ago and is expected to be the main south-north transport link in Montenegro. The government has said earlier it is in talks with China Communications Construction Company (CCCC), a consortium of US firm Bechtel and Turkey's Enka and the EIB on the project, while the EBRD has announced it is following the project and could engage in it later on. Polish company Pol-Drog is also interested in taking part in transport infrastructure projects in Montenegro, including the Bar-Boljare and the Adriatic-Ionian motorways.
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