China's Exim Bank has paid €94.30 million as the first installment for construction of the first part of the Bar-Serbian border motorway.
Montenegro’s minister of finance, Radoje Zugic, said that construction is expected to begin within the next few weeks.
Exim Bank has approved 85% of the total €810 million load, payable over 20 years, for construction of the first part of 49km of the motorway. Is set at 2% with a grace period of six years.
Total length of the motorway will be 170km.