China to invest 1,72 billion USD for the construction of a highway between Montenegro and Albania

China to invest 1,72 billion USD for the construction of a highway between Montenegro and Albania

Tirana, 30 November 2015/Independent Balkan News Agency

The largest Chinese construction company, China Pacific Construction Group, has decided to build a highway between Montenegro and Albania.

This company announced that it has signed an agreement with a value of 1,72 billion USD for the construction of this giant highway.

According to the agreement, the construction of this highway 280 km long, will start in the second half of 2016 and will end in 2018.

President of China Pacific Construction Group, Yan Jiehe, said in a news conference in Beijing that the company is planning on using the road charges as collateral for this project.

Authorities in Montenegro and in Albania have not issued any statements so far on this news coming from China. /ibna/