Podgorica, Montenegro (11 May 2015) – Construction works on the Bar-Boljare highway’s priority section Smokovac-Uvač-Mateševo officially started today, representingan an important impetus to boosting Montenegro’s overall economic activity, Minister of Transport and Maritime Affairs Ivan Brajović told the press conference earlier today.
He added that all contractual and legal prerequisites for the start of preparatory work have been created, and in parallel, activities will be undertaken towards designing the main project of the Bar-Boljare priority part which construction will last 4 years.
On its session of 4 July 2013, the Montenegro Cabinet selected Chinese companies – the CCCC International (China Communications Construction Company) and the CRBC (China Road and Bridge Corporation) – as best bidders for the construction of the highway’s priority section.
Its construction will cost around EUR 809.6 million or $ 1.1 billion. The Exim Bank’s loan is to provide 85% or EUR 687 million of the total amount, whereas the remaining 15% (EUR 120 million) has to be provided by Montenegro.
The one-billion dollar loan represents practically 10% of the $ 10 billion credit line for 16 countries of Central and South-Eastern Europe announced by China’s ex Prime Minister Wen Jiabao at the Warsaw’s conference on April 2011.
The highway section from Podgorica to Mateševo is 41 km long and will pose an enormous challenge for the project designers and be the most demanding part of the road for its constructors.
It will require the construction of 11 tunnels (around 14 km) and 14 bridges and viaducts (around 4 km). That is why its construction cost will be the highest.
Impressive construction achievements, such as Moračica bridge and Vjeternik tunnel, will be fine examples of modern infrastructure in the region and beyond.
As one of the world’s top 500 enterprises, China Communications Construction Co., Ltd. focuses its activities on roads, bridges, ports, channels, railways, tunnels and municipal infrastructure construction, as well as real estate development business, in more than 100 countries and regions around the world. It ranks number nine among the ENR Top 250 International Contractors and regularly creates top-ranking projects in the world, representing not only China’s highest level of infrastructure construction, but also the top in the world.
Source: Government of Montenegro