| Project Detail |
Location: Montenegro Project number: 55511 Business sector: Transport Notice type: State Environmental category: A Approval date: 23 Jul 2025 Status: Exploratory English-language PSD published: 06 Mar 2025 Project Description Provision of a tranched sovereign loan in the amount of up to €250 million to the state of Montenegro (the Borrower), represented by the Ministry of Finance, for the benefit of Monteput (the Company, or the Client), the state-owned enterprise, responsible for the construction, maintenance and operation of Montenegros highway, motorways and the Sozina tunnel. The loan will finance the construction of the Matesevo - Andrijevica section, approximately 22 km in length of the Bar - Boljare Highway (the Project). The Project will be implemented in accordance with Yellow FIDIC contract terms, under a Design and Build contract. The Project is complex due to the challenging mountainous terrain from Matesevo (at an altitude of approximately 1,060 m) to Andrijevica (at an altitude of around 780 m). The Project is expected to be co-financed with investment grants provided by the European Union (EU). Project Objectives The Project will support the development of the Bar - Boljare Highway, which is a strategic priority for Montenegro. The Bar-Boljare Highway is part of Route 4 of the Core Network of the Western Balkans and has been established as an indicative extension of the Trans-European Transport Networks (TEN-T). The Project will support Montenegros economic development and contribute to the countrys regional integration by improving connectivity of Podgorica and coastal area on one side and northern part of the country and neighbouring Serbia and Central Europe, on the other. The Bar - Boljare Highway is of utmost importance for Montenegro and the Western Balkans as it aims to establish a vital transportation route connecting the Port of Bar with Podgorica and further extending it to the Serbian border and Belgrade. This highway is set to act as a pivotal infrastructure component providing efficient connectivity between major cities and key transport hubs in the region while offering diverse transportation options. |
