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Montenegro’s ZICG signs deal with Chinese co on rail upgrade project

Author Maja Garaca
Montenegro’s ZICG signs deal with Chinese co on rail upgrade project Marcella Miriello/Shutterstock.com

PODGORICA (Montenegro), October 28 (SeeNews) - Montenegrin railway infrastructure company Zeljeznicka Infrastruktura Crne Gore (ZICG) said it has signed a contract with China Civil Engineering Construction Corporation for the 5.9 million euro ($6.5 million) reconstruction of the Kolasin-Kos railway.

ZICG said in a press release on Tuesday that the project will include the reconstruction of a 9.86 km section of the railway.

The contracted works should be completed within 15 months.

The project will be financed with a loan from the European Bank for Reconstruction and Development.

($=0.906 euro)

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