The Chinese did not want a loan in Euros

The loan agreement for the construction of priority sections of the highway Bar-Boljare for the next six years has no currency risk, making it difficult to assess the relation of the dollar and the euro for the long period, Finance Minister, Radoje Zugic said.

He said that it is a big question if there is a banking and monetary expertise in Montenegro that will project what will happen to the exchange rate in the next six years, to early repayment of this loan.

“We have considered a certain element of risk on that basis, and we want to make a detailed analysis with those who need to know,” Zugic told reporters after the conference of the EU project Strengthening Management Capacity in the Area of ​​State Aid in Montenegro – SAM Project.

Zugic reminded that they got one bid for the construction of a highway from the Chinese company China Road and Bridge Corporation (CRBC), a daughter company of China Communications Construction Company (CCCC) and Exim Bank loan.

“The loan became effective on April 14. Was it possible in the past to make the conversion from dollars into euro or better negotiate with the loan approval? I think it was not. ” Zugic said.

Izvor: RTV Montenegro