China's Exim Bank has paid €94.30 million as the first installment for construction of the first part of the Bar-Serbian border motorway.
Montenegro’s minister of finance, Radoje Zugic, said that construction is expected to begin within the next few weeks.
Exim Bank has approved 85% of the total €810 million load, payable over 20 years, for construction of the first part of 49km of the motorway. Is set at 2% with a grace period of six years.
Total length of the motorway will be 170km.
Montenegro’s minister of finance, Radoje Zugic, said that construction is expected to begin within the next few weeks.
Exim Bank has approved 85% of the total €810 million load, payable over 20 years, for construction of the first part of 49km of the motorway. Is set at 2% with a grace period of six years.
Total length of the motorway will be 170km.
