Montenegro could start building key Bar-Boljare motorway in mid-2013.

By bne IntelliNews January 31, 2013
Montenegro's PM Milo Djukanovic said the country has not given up the Bar-Boljare motorway project, initialled six years ago but not yet launched, and might start its construction in the middle of 2013, Portalanalitika.me reported. Back in February 2007 the transport ministry and the World Bank signed a contract to cooperate on the project, estimated to cost EUR 2bn. The motorway will be the main transport link in the country and will connect its biggest Adriatic port of Bar with the border with Serbia. Portalanalitika.me quoted transport minister Ivan Brajovic as saying that negotiations on the project with China's CCCC, the consortium of US firm Bechtel and Turkey's Enka and with the EIB have been underway. He said that interest has been shown by other parties as well but only the talks with the above three entities have entered a final stage. Brajovic also expressed hope the project could be launched in the second half of 2013.
Read in IntelliNews Pro
Get IntelliNews Pro

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

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    7 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    8 days ago
  4. Don't mention the "D" word - Ukraine
    5 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    2 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss