Export-Import Bank of China to finance infrastructure projects in Montenegro.

By bne IntelliNews August 31, 2012
Export-Import Bank of China may increase its presence in Montenegro, after the government approved on Aug 31 a draft memorandum of understanding with the bank for investment in infrastructure projects, the press office of the government informed. The Chinese bank may provide a loan to Montenegro at preferential terms for the construction of Bar-Boljare motorway, bypass road in Herceg Novi and for the development of thermal and hydro power projects in Montenegro. The terms and the amount of the loan are yet to be negotiated. Other exposures of Export-Import Bank in the country include the financing of the purchase of ships for the Montenegrin fleet.
Notice: Undefined index: social in /var/www/html/application/views/scripts/index/article.phtml on line 259

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