{"id":89337,"date":"2015-03-12T17:40:28","date_gmt":"2015-03-12T16:40:28","guid":{"rendered":"http:\/\/www.visit-ulcinj.com\/blog\/?p=89337"},"modified":"2015-03-12T17:41:41","modified_gmt":"2015-03-12T16:41:41","slug":"montenegrin-government-paid-advance-highway-construction","status":"publish","type":"post","link":"https:\/\/www.visit-ulcinj.com\/blog\/2015\/03\/12\/montenegrin-government-paid-advance-highway-construction\/","title":{"rendered":"Montenegrin government paid an advance for the highway construction"},"content":{"rendered":"<div id=\"stcpDiv\">\n<p>By Adnan Prekic<\/p>\n<p>The Government of Montenegro has fulfilled the final obligation in order to start construction on priority sections of the highway. The Government paid an advance payment amounting to 80.95 million euros to the Chinese CRBC, the contractor that is to start construction works on the priority section of the highway Smokovac-Matesevo. The Chinese company has already launched a competition for the employment of local engineers, and the first results are expected to be made known in the next month. According to previously made agreement, the government will pay up the same amount as the advance until the end of March.<\/p>\n<p>This payment has created the preconditions for the payment of the first installment of the advance payment and the first installment of advance payment in the amount of 10 percent of the agreed price for the design and construction, that is 80.95 million euros, that should be paid before 08 March 2015, and by the end of March 2015 should be paid the second installment of the advance payment amounting 10 percent of the agreed price for the design and construction.<\/p>\n<p>In July 2013 the government of Montenegro selected the Chinese consortium: China Communications Construction Company, and the China Road and Bridge Corporation, as the best bidders for the construction of the Bar-Boljare highway, which is the priority section of the route. The offered price for the construction of the priority part of Montenegro\u2019s greatest infrastructural project was\u00a0 809.58 million euros.<\/p>\n<p>China\u2019s Exim Bank in September approved a loan worth around\u00a0 687 million euros to Montenegro for the construction of the Bar-Boljare highway\u2019s priority section Smokovac-Uva\u010d-Mate\u0161evo. Exim Bank\u2019s preferential loan is to provide 85% or the 689 million euros of the amount, whereas the remaining 15% (120 million euros) has to be provided by Montenegro.<\/p>\n<p>Capital budget for 2015 provided 206 million euros for highway Bar-Boljare. This\u00a0 projection was made based on the fact that the Montenegrin government has to pay 161.15 million euros for two contract-defined installments of the advance. Preliminary works on the highway are expecting to begin in April.<\/p>\n<p>Sorce: www.balkaneu.com\/<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Adnan Prekic The Government of Montenegro has fulfilled the final obligation in order to start construction on priority sections of the highway. The Government paid an advance payment amounting to 80.95 million euros to the Chinese CRBC, the contractor that is to start construction works on the priority section of the highway Smokovac-Matesevo. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Montenegrin government paid an advance for the highway construction - Lajme nga Ulqini<\/title>\n<meta name=\"description\" content=\"By Adnan Prekic The Government of Montenegro has fulfilled the final obligation in order to start construction on priority sections of the highway. 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