Montenegro to call new tender for key highway.

By bne IntelliNews June 1, 2011
Montenegro will soon call a new tender for the construction of the key highway Bar-Boljare, connecting the country's Adriatic coast with the EU-defined transport Corridor X via the Serbian capital, newswire quoted transport minister Andrija Lompar as saying after a meeting with the European Commission (EC) and the European Investment Bank (EIB). EIB will analyse the tender documentation from the previous call and would propose amendments, reflecting the current developments. The government launched the project more than 4 years ago. It first selected through an open tender a consultant for the highway construction in 2007. Later on, it called the tender for the actual construction works in 2008. A Croatian consortium was selected in 2009 to implement the project, but the deal was cancelled almost a year later, as the tender winner was unable to provide the necessary bank guarantee. The second-ranked Greek-Israeli bidder was also unable to secure bank guarantees and negotiations with it were cancelled in early-2011. The government started then talks with Chinese companies for the project implementation, but once again the negotiations stalled.
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