Montenegro (Rehabilitation)

Locations

Type

Road

Status

Preparatory Works

Total Reported Cost

185.0 million EUR

Initiatives

Start Date

Oct. 24 2017

Start of Construction

Planned Completion Date

Contractors

Consultants

Implementers

Operators

Funders

Source(s) Amount
80 EUR
40,000,000 EUR

Description

The project is expected to promote regional and national economic growth, facilitate trade, support private sector development, and ultimately contribute to economic and social cohesion in the region. The project is in accordance and pursuing the objectives of the Pre-Accession support and support for EU External Policies in the Neighbourhood/Partnership Countries. The project is expected to improve connectivity and reinforce the integration between the Western Balkans region and the EU, and strengthen the country's competitiveness in line with the 2017 Transport Community Treaty. The operation shall become part of the Economic Resilience Initiative (ERI), following its endorsement by the European Council and the European Parliament.