EU Funds for Infrastructure Projects in Montenegro at 68.6 million EUR

By , 09 Dec 2018, 03:50 AM Business
EU Funds for Infrastructure Projects in Montenegro at 68.6 million EUR Copyrights: pixabay.com

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08 December 2018 - Montenegro has received an additional 68.6 million EUR of non-refundable support from the EU and bilateral donors of the West Balkans Investment Framework for the implementation of four investment projects in the area of transport and the environment and the preparation of project documentation for two new projects. 

Additional funds were approved at the nineteenth meeting of the Steering committee of the West Balkan Investment Framework, held in Luxembourg, organized by the European Commission and the European Investment Bank. 

Additional non-refundable grants were approved through the fourth call for investment projects and the twentieth call for project preparation, and in the context of the financial support provided by the EU and the bilateral donors of this instrument in the framework of the Berlin Process. 

For the construction of the priority part of the bypass around Budva within the route of the coastal variant of the Adriatic-Ionian motorway, the EU will allocate 42.1 million EUR for works, whose total value will exceed 188 million. By building a priority part of the bypass, road transport in this part of the coastal region will be significantly improved and the problem of traffic jams in the center of Budva will be resolved, especially during the summer months. 

In addition to investing in road transport, the EU has approved the allocation of 16.3 million EUR of non-refundable support for the development of rail transport. In addition to the reconstruction of steel bridges and sections of the railway line Lutovo-Bioče, the project envisages the procurement of three new passenger trains, which will significantly improve the safety, efficiency and comfort of this type of traffic for citizens. An integral part of the project is the reconstruction of workshops and depots for train maintenance in Bar and Nikšić and procurement of new equipment for this purpose. 

In addition to investment projects in the field of transport, 7.7 million EUR of non-refundable support was granted for strengthening infrastructure in the area of environmental protection. With the amount of 4.7 million EUR, the construction of the sewerage system in Risan and Perast will be financed, which will solve the issue of wastewater collection in these coastal areas, which will influence the improvement of the quality of bathing water in the Bay of Kotor. For the construction of a wastewater treatment plant in Bijelo Polje 3 million EUR were allocated, which makes almost half of the necessary funds for solving the issue of wastewater treatment in the largest municipality in the north of Montenegro. Support to environmental projects is in line with the EU's commitment to support Montenegro's efforts to improve the environmental protection system in the long term. 

In regard to financial support for the preparation of projects, 1.3 million EUR was approved for the preparation of the necessary documentation for the reconstruction of the railway line from Podgorica to the border with Albania and 1.2 million EUR for the preparation of a project to build a new prison in Mojkovac. 

"Given that the funds are allocated through calls open to all Western Balkan countries, the fact that Montenegro has been granted the most funds this year confirms the ability of the Government and the administration to properly plan investments and infrastructure and prepare projects in accordance with the requirements and EU rules," Deputy Chief Negotiator - National IPA Coordinator Ivana Glišević Đurović said. 

She stressed that the Government will continue to work dedicatedly when it comes to planning investments in infrastructure, that infrastructure projects are among the main priorities of the Government. "I am convinced that the implementation of these projects will be of great importance for everyday life of citizens, but also for intensifying economic growth and development through improving the infrastructure connectivity and creating preconditions for the development of tourism through improvements in the field of environmental protection," Glišević Đurović said. 

On the margins of the meeting, Deputy Director-General for Neighbourhood Policy and Enlargement Negotiations Katariná Mathernová congratulated on approved projects and expressed willingness to continue the successful cooperation.

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