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Montenegro's IDF lending 38.2 mln euro for Bar-Boljare motorway

Author Radomir Ralev
Montenegro's IDF lending 38.2 mln euro for Bar-Boljare motorway Source:

PODGORICA (Montenegro), May 22 (SeeNews) - Montenegrin state-run road operator Monteput has signed an agreement to receive a 38.2 million euro ($42.7 million) loan from the country's Investment and Development Fund (IDF), Monteput director Jonuz Mujevic said.

The loan will be used to finance the construction works of the power supply system of the Smokovac-Metesevo section of the Bar-Boljare motorway, linking the port of Bar to the border with Serbia, Mujevic said in a video file posted on the YouTube channel of news agency Infobiro earlier this week.

The project will include the construction of two 110 kV power transmission stations - in Smokovac and Metesevo, Mujevic said. A total of 26 power transformers with a capacity of 20/0.4 kV will serve the complete motorway infrastructure, to power all lighting and control systems and all the surrounding villages through which the motorway passes.

Monteput plans to call a tender for the project within ten days, Mujevic also said.

The 41 km Smokovac-Matesevo motorway section will feature 18 tunnels, 13 bridges, five viaducts and four interchanges. The project is carried out by China Road and Bridge Corporation (CRBC).

The motorway is part of pan-European Corridor XI, a ferry/motorway corridor linking Italy's Bari to Romania's Bucharest via Montenegro's Bar port and Serbia's Belgrade.

($ = 0.8952 euro)