EU Granted 3,6 Million EUR for Railway Traffic and Digital Sector

By , 26 Jun 2019, 23:42 PM Business
EU Granted 3,6 Million EUR for Railway Traffic and Digital Sector Copyrights: European Integration Office of Montenegro

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25 June 2019 - The European Union has granted an additional 3,6 million EUR to Montenegro for the preparation of project documentation aimed at strengthening infrastructure in the area of railway traffic and digital sector, it was reported by the European Integration Office, says CdM.

Additional funds were approved in the meeting of the Management Board of WB Investment Framework, held in Berlin and organized by European Commission and Federal Ministry of Finance of Germany.

The Montenegrin delegation was headed by the deputy chief negotiator, IPA coordinator, Ms Ivana Glišević-Đurović.

The project worth 3 million EUR will be used for financing the preparation of main projects aimed at the reconstruction of railway section Golubovci-Bar, as well as railway line Bar-Vrbnica, which is part of the main European Union traffic network.

The project is going to cover all the elements of infrastructure that are necessary for regular traffic flow and meet the safety standards determined in accordance with the rules defined at the European Union level.

This is the first time that the European Union supported Montenegro in the preparation of project documentation for the improvement of infrastructure in the digital sector in the amount of 600.000 EUR.

The funds will be used for the preparation of the feasibility study, cost-benefit analysis, conceptual design and technical documentation for the construction of infrastructure required for better internet coverage in rural parts of Montenegro and areas that haven’t got full Internet coverage.

“The European Union is asserting the EU future of Montenegro and the region. Investing in traffic and particularly digital infrastructure, Montenegro proves to be following and investing in new technologies, with the aim of intensifying economic growth and developing society as a whole,” said Ms Glišević-Đurović.

Read more about Business in Montenegro at TMN's dedicated page.

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