February 8 (SeeNews) - Montenegrin railway infrastructure company Zeljeznicka Infrastruktura Crne Gore plans to launch a tender for rehabilitation works for the slopes in the second quarter of 2019, the European Bank for Reconstruction and Development said.
ZICG intends using the remaining proceeds of a loan from the bank to finance the outstanding component of a project for emergency rehabilitation of the railway infrastructure, which had a total estimated cost of 17 million euro ($19.3 million), the EBRD said in a procurement notice earlier this week.
The Montenegrin state controls directly a 72.44% stake in the capital of ZICG.
($ = 0.882259 euro)