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Old October 30th, 2014, 04:44 PM   #721
CrazySerb
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It's official - government officials have just put pen to paper and signed all necessary agreements with Chinese EXIM bank, concerning the release of their quite favourable loan for the construction of Montenegro's section of Corridor 11 (Belgrade-Bar) motorway

More details soon.
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Old October 30th, 2014, 10:58 PM   #722
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The A1 is composed of the following segments:

* Dionica 1: Đurmani - Virpazar (11,2 km)
* Dionica 2: Virpazar - Smokovac (38,0 km)
* Dionica 3A: Smokovac - Uvač (34,0 km)
* Dionica 3B: Uvač - Mateševo (7,0 km)
* Dionica 4A: Mateševo - Andrijevica (23,0 km)
* Dionica 4B: Andrijevica - Berane (11,0 km)
* Dionica 5: Berane - Boljare (41,0 km)

The contract for 41 kilometers of A1 Smokovac - Mateševo has been signed in February 2014. It contains Most Moračica, which is 1 km long and 180 meters tall.

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Old October 31st, 2014, 04:12 PM   #723
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Montenegro, China's Exim Bank agree $1 billion highway deal


Quote:
Oct 30 (Reuters) - Montenegro and China's Exim Bank have signed an 800 million euro ($1 billion) deal to finance a stretch of highway linking the port of Bar with Serbia, despite opposition to the deal from the International Monetary Fund (IMF) which said it threatened fiscal stability.

Exim Bank will provide a loan for 85 percent of the total with a six-year grace period and repayment of 20 years. Montenegro's government will secure the remaining 15 percent.

The government had in late February sealed an agreement with China Road and Bridge Corp (CRBC), part of China Communications Construction Co, to build the 40 kilometre (25 mile) section of the 120 kilometre highway.

But a week later, the World Bank withdrew a $50 million budget support loan to Montenegro, saying the highway deal would add to an already high debt level of 58 percent of national output. The International Monetary Fund warned the deal threatens fiscal stability.

(1 US dollar = 0.7922 euro) (Reporting by Petar Komnenic; Writing by Ivana Sekularac; Editing by David Holmes)

http://www.reuters.com/article/2014/...0SP4BI20141030
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Old October 31st, 2014, 07:20 PM   #724
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Some more informations: http://www.gov.me/en/News/143139/Loan-agreement-on.html

Quote:
The construction of the priority part will take 48 months and the constructor is obliged to engage at least 30% of domestic subcontractors with regard to the total value of the project. According to projections, it is expected that up to 4,000 workers will be engaged during peak construction, Minister Brajović noted.
Quote:
The highway section from Podgorica to Mateševo is 41 km long and will pose an enormous challenge for the project designers and be the most demanding part of the road for its constructors.

It will require the construction of 11 tunnels (around 14 km) and 14 bridges and viaducts (around 4 km). That is why its construction cost will be the highest.

Impressive construction achievements, such as Moračica bridge and Vjeternik tunnel, will be fine examples of modern infrastructure in the region and beyond.
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Old November 1st, 2014, 12:39 AM   #725
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Didn't Montenegro sign something similar with a Croatian company a few year's ago?
I'll beleive it when I see it.
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Old November 1st, 2014, 12:48 AM   #726
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Yeah, the even started the work but the contract was cancelled by the government just a few days later.
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Old November 1st, 2014, 08:38 AM   #727
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Quote:
Originally Posted by smokiboy View Post
Didn't Montenegro sign something similar with a Croatian company a few year's ago?
I'll beleive it when I see it.
Kruske i jabuke my friend, or as they say in English, apples & oranges.
Konstruktor never secured financial backing for the project, hence the deal was terminated by our government.

This latest contract has been signed directly with the financier, Chinese Export-Import bank ( they burn dollars like we go through figs & prosciuitto).
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Old December 10th, 2014, 07:58 AM   #728
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Last hurdle cleared...

Quote:
Montenegrin Parliament approves construction of Bar- Serbian border highway
Tuesday, 12/09/2014|11:01 | Source: Beta

The Montenegrin Parliament confirmed on Monday, December 8, 2014, with the ruling coalition votes, the project of the Government for the construction of Bar-Serbian border highway.

The Assembly confirmed the plan of the Government to start the construction of the first section of 42 km of highway which will mainly be funded by the Chinese, state-owned Eksim bank.

The works are expected to start soon while Chinese investors are announcing the end of the first section in four years.

The future highway total length is 169 km. The state indebted at the Chinese bank for EUR 687 m, while the Government will provide the remaining EUR 120 m. The loan is on 20 years with an interest rate of 2% and the start of six years.

Majority of economic experts, however, pointed out that the project is expensive and that “it is a bomb for fiscal governmental system” which is forced to increase debts due to highway construction.

When it comes to the decision of Montenegro to build highway, the world credit rating agencies, Moody's and Standard & Poor's, reacted through decrease of its credit rating and Montenegrin economy perspective deterioration grade
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Old December 11th, 2014, 05:36 PM   #729
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So when we can expect works on A1 ?
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Old December 12th, 2014, 05:18 PM   #730
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Things should happen quickly from now on...

Quote:
Exim bank suggests Chinese companies for construction of remaining sections at Bar-Boljare highway

Friday, 12/12/2014|11:47 | Source: Vijesti

Chinese Exim bank is ready to propose to Montenegro companies from China which would consider construction and investing in other sections of the Bar-Boljare highway, it was stated in the Memorandum of understanding which the Government of Montenegro adopted yesterday.

Memorandum of understanding and strengthening of cooperation with respect to preferential loan between the Montenegrin Ministry of Finance and Chinese Exim bank should be signed at the next meeting in Belgrade, during the summit of prime minister of China and CEE countries.


Memorandum, as announced, is a base for better preparation and implementation of concessional loans, i.e. better management of current projects as well as planning and implementation of the future ones.
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Old December 12th, 2014, 06:14 PM   #731
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Quote:
Originally Posted by CrazySerb View Post
Things should happen quickly from now on...
Well, i hope they gonna build motorway from Podgorica to Boljare ASAP (even if that means until 2030), because road from Podgorica to Bar is OK and it doesn't need to be build so quickly as northern part of A1. Is there any good connection on serbian side of the border? Would it be connected to road 212 before motorway is also bult on serbian side?
BTW Do they plan in near future to build expressway trou Bar and also make exit on A1. I think that it should be done since A1 is gonna become busy and with that also traffic jams...
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Old December 12th, 2014, 07:51 PM   #732
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Quote:
Originally Posted by čarli View Post
. Is there any good connection on serbian side of the border?
Ah!!!!

Serbia is working on the northern half of a Montenegro to Belgrade motorway and some will open soon. The southern half will be very expensive to build and is probably quite a few years from starting.

They might do it as a half profile 1+1 first....just like the Bosnians intend to do Sarajevo to Mostar.
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Old December 12th, 2014, 08:15 PM   #733
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Quote:
Originally Posted by sponge_bob View Post
Ah!!!!

Serbia is working on the northern half of a Montenegro to Belgrade motorway and some will open soon. The southern half will be very expensive to build and is probably quite a few years from starting.

They might do it as a half profile 1+1 first....just like the Bosnians intend to do Sarajevo to Mostar.
I know that in Serbia they are doing northern part of A2. But motorway from Požega to Boljare will come...umm let's say before 2050 So if MG will built earlier then SR then there must be at least some connection. Otherwise we could see the same situation which happend now at Ub-Lajkovac

BTW as i know motorway from Sarajevo to Mostar won't be in half profile. Already now there is already 20km in full profile. And also to Konjic plan to do it in 2+2. Probably only the tunnel under Prenj will be 1+1.

Last edited by čarli; December 12th, 2014 at 09:52 PM.
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Old December 12th, 2014, 09:44 PM   #734
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Quote:
Originally Posted by sponge_bob View Post
Ah!!!!

Serbia is working on the northern half of a Montenegro to Belgrade motorway and some will open soon. The southern half will be very expensive to build and is probably quite a few years from starting.

They might do it as a half profile 1+1 first....just like the Bosnians intend to do Sarajevo to Mostar.
Southern part of motorway Belgrade -Bar in Serbia is going to be 2x2 with emergency lanes.Also that motorway is going to be a consession.
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Old December 16th, 2014, 03:36 AM   #735
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Road accidents statistic for Montenegro:

- number of accidents; total deaths; total injuries.
Last year's spike in # of deaths was largely due to the unfortunate accident involving a Romanian tour bus, when 19 lost their lives

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Old December 17th, 2014, 01:03 AM   #736
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A1 in Montenegro
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Old December 31st, 2014, 04:48 PM   #737
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Quote:
Originally Posted by CrazySerb View Post
It's official
Quote:
Montenegro, Chinese partner sign deal on Smokovac-Matesevo motorway section

February 26, 2014 16:50 CET

PODGORICA (Montenegro), February 26 (SeeNews) – Montenegro signed a deal with one of its partners, China Road and Bridge Corporation (CRBC), for the construction of the Smokovac-Matesevo motorway section, which opens a way for works to start hopefully this spring, the government in Podgorica said on Wednesday.

The Montenegrin government said in July that it has selected the 809.6 million euro ($1.1 billion) bid of China's CCCC and CRBC for the construction of the Smokovac-Matesevo section, which is part of Bar-Boljare motorway..

The deal is now pending parliament approval, the government said, quoting transport minister Ivan Brajovic, following the signing ceremony.

The project will be funded with a loan from China's Ex-Im Bank.

The 169 kilometre Bar-Boljare motorway will be part of the longer Bar-Belgrade stretch of EU-defined transport Corridor X that will link Montenegro's Adriatic coast with the Serbian capital.

($=0.7278 euro)
Many contracts have been signed... Many parties... But... Is there currently any motorway or expressway u/c in Montenegro? Any estimated construction start?
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Old December 31st, 2014, 05:01 PM   #738
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Currently? Obviously not, 'cause I would have been posting photos of every square inch of it.

But soon, good things are coming in 2015 - happy New Year btw
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Old February 16th, 2015, 01:49 AM   #739
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Is the bypass of Niksic completed? Are there any photos of that project?
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Old March 12th, 2015, 02:27 AM   #740
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Montenegro pays advanced amount to Chinese totalling EUR 81 m for Bar-Boljare highway section

Quote:
Wednesday, 03/11/2015|10:33 | Source: Tanjug


Montenegrin Government yesterday paid the first installment of advanced payment totaling approximately EUR 81 m to Chinese company China Road and Bridge Corporation (CRBC) for priority section of the Bar-Boljare highway.

The authorities in the Ministry of traffic and marine confirmed to MINA-biznis that the government, when it comes to payment of the same amount of advanced payment, by the end of the month, i.e. the second installment, will obey to all contractual commitments.

The Government previously announced that the first installment of advanced payment of 10% of the contracted price for design and construction totals EUR 80,95m and that the same amount goes for the second installment.

Capital budget for this year sets aside EUR 206 m for the Bar-Boljare highway and preparation works on the highway should start in April, Cdm website reported. Capital infrastructure project totals EUR 809,6 EUR, 687 m of which was provided by the loan Eksim bank. The loan was approved on 20 years with a six-year grace period with a two percent interest rate.

Priority section is 41 km long. The price is EUR 19,7 m per kilometers and it is defined by facilities on the route.

The contract on design and construction of the priority section of the highway was signed with Chinese companies CRBC and China’s Communications Construction Company" (CCCC).
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