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Home News Montenegro motorway construction costs climbing

Montenegro motorway construction costs climbing

by tmechkarova
February 8, 2019
in News
Reading Time: 1 min read
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Construction of Montenegro’s Bar-Boljare motorway now looks likely to cost substantially more than originally planned. The project was originally budgeted at €80 million however Montenegro’s Ministry of Transport has now revealed that the work will have a pricetag some €15 million greater, totalling €95 million. This increase is considerably more than had been allowed for. The work is to be carried out by Chinese contractor CRBC although the deal has yet to be signed officially. The Smokovac-Matesevo stretch of the route is supposed to be completed by May 2019 although it is not clear if this can be achieved.

Categories: Finance & Funding

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