Provided funds for the collector

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Four contracts on the construction of new wastewater treatment collector have been signed today in Podgorica.

Although many doubted that the Capital City and the Water Supply Company had honest intentions and strength to realize the collector building project, today’s closure of the financial structure has not only denied them, but also confirmed our efforts in the current stage of project realization, said Mayor of Podgorica Slavoljub Stijepovic.

“The Government of Montenegro, the Capital City and the Water Supply Company benefited in two ways: they gained the trust of the credible partners and favorable conditions for the further continuation of the project,” Stijepovic said.

He pointed out that it was one of the most valuable and greatest projects in the recent history of the Capital City.

“It is a development project that generates other activities. It is undoubtedly the city’s most urgent need, which also carries a new quality and a good track for environmental protection, primarily for the Moraca river and Skadar Lake ecosystems, as well as groundwaters that are one of the biggest wealths of Podgorica,” concluded Stijepovic.

The financial aspect of the project, whose total value is approximately 50.35 million Euros, is provided through three sources of funding.

The Finance Minister Darko Radunovic said that they are related to a grant of 10.15 million Euros the loan, amounting to 35 million Euros, regarding which a Promotional Loan Agreement with KfW Bank in the amount of 30 million and the Standard Loan Agreement in the amount of 5 million Euros were signed today, while the remaining financial needs of about 5.2 million Euros will be provided by the Capital of Podgorica from its own funds and/or grants from the Western Balkans Investment Framework for which it will apply in the forthcoming invitation.

Source: Radio Television Montenegro