Montenegro agrees on Bar-Boljare highway construction – Works totaling more than EUR 800 m

(Photo: Aleksandar Parezanović)

The Minister of Finance of Montenegro, Radoje Zugic, signed on Thursday (October 30, 2014) with representatives of Chinese Eksim bank the contract on funding and designing priority section at the Bar-Boljare highway (Smokovac- Matesevo).

The agreed annual interest rate totals two percent.

The Bar-Boljare highway is the biggest and most complex project in the history of Montenegro. Total Bar-Boljare highway length is 169,2 km. Priority and the most difficult section, Smokovac-Matesevo is 41 km long, 17 km of which goes on tunnels, three on bridges and almost half of kilometer to viaducts.

After signing, the contract will be delivered to parliament which should adopt the Law on highway and after that the works will start.