Podgorica-Kolasin highway construction most likely to start February 2014

(Photo: Aleksandar Parezanović)

Montenegrin Prime Minister Milo Djukanovic announced Wednesday that the construction of the Podgorica-Kolasin stretch of the future Bar-Boljare highway should commence in late February, adding that Montenegro expected to attract EUR 600 million in foreign investments in 2014.

The Montenegrin government previously announced in a release that the construction of a stretch from Podgorica to Kolasin had been entrusted to Chinese company CCCC International.

CCCC International has offered to build the Podgorica-Kolasin stretch for EUR 800 million that should be provided from the proceeds of a loan from China's state-owned Exim Bank.