Montenegro, The continuation of the construction of the Bar-Boljare highway will cost the state an additional 200 million euros

Published on 16. November 2022., News

This was stated in the proposal of the decision on the assignment that Prime Minister Dritan Abazović submitted to the Parliament of Montenegro late last night.

The creditor for the mentioned funds will be determined during the year, and the money will be used for the construction of the Mateševo-Andrijevica highway section and for the bypass around Podgorica. The guarantees that the state will issue in the next year are planned for the amount of 160 million euros.

– In 2023, the state can borrow in the amount of EUR 600 million for the purpose of securing the missing funds in that year, through the conclusion of credit arrangements with international financial institutions, with domestic and/or foreign banks, through the issuance of government bills and/or bonds on to the domestic and/or international market as well as/or by concluding bilateral or other credit arrangements, it was stated in the proposal of the decision on the indebtedness of Montenegro for the year 2023.

In 2023, the total indebtedness of the state of Montenegro with the Development Bank of the Council of Europe (CEB), the European Investment Bank (EIB). The International Bank for Reconstruction and Development (IBRD) and the World Bank are 136 million and 200,000 euros, local media reports.

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