NewsMontenegro's commitment to road infrastructure development: Ambitions, projects and prospects

Montenegro’s commitment to road infrastructure development: Ambitions, projects and prospects

Supported byOwner's Engineer banner

The Montenegrin government is resolute in its pursuit of advancing strategic projects, particularly in the realm of road infrastructure. The primary objective is to enhance connectivity both within Montenegro and with neighboring countries and European transportation corridors. A substantial capital budget of 161 million EUR has been allocated for road infrastructure development in the current year alone. Looking ahead, plans are in place for the realization of highway and expressway projects spanning 480 kilometers by 2030, with an estimated total value of approximately 8 billion EUR.

Minister of Transport and Maritime Affairs, Filip Radulovic, underscored the significant investments earmarked for railway infrastructure, amounting to hundreds of millions of euros. The ministry has emerged as a major beneficiary of non-repayable funds from EU sources, particularly the Western Balkans Investment Framework (WBIF), focusing on transport. Radulovic stressed the urgency of railway line renovation to meet Montenegro’s developmental needs and attract natural passenger and freight flows. Concurrently, efforts are underway to elevate the Port of Bar into Montenegro’s premier international freight hub, contingent upon hinterland infrastructure development and railway enhancements. A strategic air traffic plan, with cargo transportation as a key component, is also in progress.

Supported by

Radulovic highlighted recent milestones in road traffic projects, including tender announcements for five conceptual solutions for highways and expressways and a pre-qualification invitation for the Mateševo-Andrijevica section. Looking at the broader picture, Radulovic emphasized the government’s clear vision for road infrastructure development to bolster connectivity across Montenegro and with European corridors.

The commitment extends to a robust capital budget of 161 million EUR for 2024, with ambitious plans for the future, including the ambitious highway and expressway projects slated for completion by 2030. The successful realization of these projects is pivotal to enhancing Montenegro’s connectivity with European corridors, positioning it as an attractive destination for domestic and international investments.

Supported byspot_img

Related posts
Related

Supported byspot_img
Supported byspot_img
Supported byInvesting Montenegro logo
Supported byMonte Business logo
error: Content is protected !!