Construction of the most important highway in Montenegro to start in February 2014

Construction of the most important highway in Montenegro to start in February 2014

Podgorica, December 13, 2013 / Balkan Independent News Agency

The launch of the construction works for the most important highway in Montenegro has been postponed for the third time in a row.

The government has announced February 25, 2014 as the date when construction works for this highway will kick off.

This was confirmed by prime minister Milo Djukanovic. The date that was announced was the third one since 2008, when the government declared that construction works would soon start on this highway.

Prime Minister Milo Djukanovic says that the project for the construction of the highway that links Tivar(Bar) to Boljari is considered to be the project of the century with a cost of 2 billion Euros.

The funding will be secured by the Chinese EXIM Bank and the loan has a maturity of 20 years.

The highway will be built by a Chinese corporation known for the construction of contemporary roads.

Minister of Transport and Maritime Issues, Ivan Brajovic says that the government of Montenegro has trusted the construction of the highway linking Tivar (Bar) to Boljar to the Chinese CCCC International (China Communications Construction Company) and CRBC (China Road and Bridge Corporation).

Minister Ivan Brajovic has stressed that the offer of the Chinese companies was the best one, amounting to 809,5 million Euros for the construction of the first part of the highway linking Smokovac to Matesheva.

The minister said that the talks with the representatives of the Chinese companies will continue in order to complete the entire project amounting to 2 billion Euros. EXIM Bank is a Chinese financial institution which will finance this project.

CCCC International (China Communications Construction Company) and CRBC (China Road and Bridge Corporation) are known for the construction of highways in 43 countries of the world.

A forum for Chinese investments

To discuss and exchange ideas on this infrastructural work, a meeting will be held in Podgorica between the Business Forum of Montenegro, a delegation with Chinese officials and senior representatives of Chinese companies.

Montenegrin Chamber of Economy said that it hosts this meeting in cooperation with the embassy of China in Montenegro.

Part of the Chinese delegation will also be representatives from different banks, from telecommunication companies, construction companies and architectural studios. /ibna/