Montenegro ensuring sound motorway financing

Montenegro is ensuring it has sound financing in place for the new Bar-Boljare highway that will link it with Serbia. The country has a €687 million loan in place for the project that was provided by China's Exim Bank. The country’s Ministry of Finance is setting out a strategy that will protect it from risk. The loan was provided (in US$) for a 20 year repayment period, with a grace period of six years. However Montenegro’s Ministry of Finance is taking steps to prevent any future currency fluctuations fro
June 4, 2015 Read time: 1 min
Montenegro is ensuring it has sound financing in place for the new Bar-Boljare highway that will link it with Serbia. The country has a €687 million loan in place for the project that was provided by China's Exim Bank. The country’s Ministry of Finance is setting out a strategy that will protect it from risk. The loan was provided (in US$) for a 20 year repayment period, with a grace period of six years. However Montenegro’s Ministry of Finance is taking steps to prevent any future currency fluctuations from having a negative effect. In all, the project is expected to cost some €810 million. The first stretch of the highway will be constructed by the China Road and Bridges Corporation (CRBC) company.
Finance & Funding

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Chinese contractor China Roads and Bridges Company (CRBC) is spending €194 million to construct a key stretch of Montenegro’s Bar-Boljare highway during 2017. The Exim Bank in China is providing a loan facility worth €889.3 million to Montenegro’s Government to pay for the project. The loan is being provided over a 20-year period. This key stretch of the Bar-Boljare highway is 40km long and presents many technical challenges as it is one of the most complex sections of the route. This stretch will include 1
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