Road Reconstruction in Montenegro Estimated at 40 Million EUR

By , 16 Nov 2018, 03:28 AM Business
Road Reconstruction in Montenegro Estimated at 40 Million EUR Copyrights: pixabay.com

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15 November 2018 - At its recent session, the Montenegrin Cabinet made a decision that around 120 kilometers of roads throughout Montenegro will undergo reconstruction during the next two years.

The agreement between Montenegro and the European Investment Bank (EIB) on the financing of the project "Roads reconstruction programme" includes the reconstruction of the following roads: M-8 Pljevlja - Mihajlovica (10 km); M-2.1, Bar Bridge - Dobrakovo - Bijelo Polje (14.6 km); M-2 Berane - Tunnel Lokve - Rožaje (30.9 km); M-2 Lepenac - Ribarevine - Poda - Berane (39,8 km) and M-2 Kamenovo - Petrovac - Bar (23,3 km).

Director of the Transport Directorate Savo Parača told the press following the Cabinet session that the 2015 roads programme includes 24 sections and the reconstruction of 216.3 km of main roads, while the works on the sections financed from the budget are mainly completed and that the total length of the main roads that will be reconstructed with funds from this loan is 125 km.

"By 2020, Montenegro will have 216 km of modern roads," he concluded.

Similarly, in the last five years, a total of 197,84 million EUR was invested in maintenance, reconstruction and construction of regional and trunk roads in Montenegro, as noted by the representatives of the Ministry of Transport of Montenegro recently. They also added that this had an impact on more comfortable, economical, safer and high-quality transport and, therefore, resulted in better accessibility of Montenegro as a tourism destination.

Read more about the investments in the past five years here.

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