Montenegro, Croatia to join efforts for securing funds for Bar-Boljare highway.

By bne IntelliNews February 23, 2010
The Montenegrin and Croatian governments will join efforts for securing financial resources for the construction of key highway Bar-Boljare. This was announced by the heads of the two governments, Milo Djukanovic and Jadranka Kosor, following the talks in Podgorica. Kosor was on one-day visit to the country, trying to resolve the issue with the Croatian consortium, which won the tender for construction of Bar-Boljare motorway. We remind that the consortium, consisting of Konstruktor Inzenjering, Tehnika, and Institut Gradjevinarstva Hrvatske (IGH), had some difficulties in securing the required guarantee and the initially defined deadline was prolonged by 2 months until end-February. Djukanovic and Kosor stated that the two governments would look together for an agreement with the international financial institutions but refused to elaborate on the details.

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more

Montenegro reports increased budget revenue in Q1.

Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more

Mobile phone penetration in Montenegro drops to 155.5% in Feb 2013.

Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335