Works on a priority section of the highway Bar – Boljare and implementation of signed contracts will begin next year, after additional conditions are fulfilled, said the Minister of Transport and Maritime Affairs, Ivan Brajovic.
He said tjat the government of China has been informed on all commitments that Montenegro has met every and that they currentlz talk with representatives of the company “China Road and Bridge Corporation” (CRBC) on daily bases, regarding obligations that must be met considering submitting a preliminary working plan.
“After that, parent company guarantees, as well as those reagrding performance, and guarantees for advance payment, should be delivered. Afterwards, it’s up to us to pay the advance and the work will start,” said Brajovic at the annual press conference.
He said that 60 engineers from China are currently working on the project in Montenegro .
“They assure us that they are fully prepared to start immediately with the implementation of the project, that is to immediately begin preparatory work, while dezigning should last six to nine months, and work on capital projects will start very soon “, said Brajovic.
The Government accepted the offer of the Chinese telecommunications company and infrastructure (CCCC) and her daughter company China Road and Bridge Corporation (CRBC) for the construction of the first section of the highway Bar-Boljare of Smokovac to Mateševo in July last year. These companies offered to construct the priority section of highway from Smokovac to Matesevo for 809.58 million Euros.
China’s Exim Bank in September approved Montenegro a credit worth 687 million euros for the construction of the road from Smokovac to Matesevo, which is 85 percent of the required amount. The remaining 120 million, from a total of 809.58 million, will be provided by the state.
On 8 December the assembly passed a Law on the highway, thus fulfilling the basic legal prerequisite for the start of the implementation of these contracts.
Izvor: RTV Montenegro