NewsCompanies CREC and SPIC ready to invest in infrastructure and energy projects

Companies CREC and SPIC ready to invest in infrastructure and energy projects

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The Chinese companies CREC and SPIC are ready to invest in key infrastructure and energy projects in Montenegro worth five billion EUR and provide their financing.

Representatives of those companies met with the president of New Serbian Democracy (NSD), Andrija Mandić, vice-president Simonida Kordić and the president of the Board of Directors of Elektroprivreda (EPCG), Milutin Đukanović.

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“It is important to point out that Montenegro will not take on additional debt, because it is already over-indebted, but Chinese companies will provide the funds for these projects,” the statement of the coalition for the future of Montenegro (ZBCG) states.

Mandić assessed that it is crucial for the development of the country to complete the highway that will connect the Port of Bar and Montenegro with Belgrade and Budapest and enable a direct connection with the industrial heart of Europe.

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“Our greatest development and export potential are renewable energy sources, and it is very important that there is a willingness of companies to build a highway, two solar power plants and an additional transmission network within Montenegro and towards the European Union (EU), which would enable surplus energy we can export”, said Mandic.

He said that the country will complete its main modern road and develop the strongest and most profitable economic branch without any new loans.

“Our people from EPCG, Montenegrin Electric Distribution System (CEDIS) and Solar construction have already shown how to work in the interest of citizens. As part of the new Government, in cooperation with interested companies, we will bring to Montenegro a completed highway and new power plants to an overall improved standard of the citizens, through investments that will exceed everything that has been invested here in the last 30 years”, claims Mandić.

He believes that the time of taking large loans and incorporating individuals into state investments has passed. “Now is the time to develop Montenegro, all its real potentials, and for the benefit of the citizens, not brokers leaning on the Government or within it”, concluded Mandić.

 

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