Chinese investments involved investments in companies in Montenegro or their purchase, the purchase of real estate and so-called inter-company debt – companies from Montenegro borrowed money from companies from China. People’s Republic of China has become the largest investor in Montenegro with 70 million euros in direct investments from the beginning of this year to… READ MORE
Workers of the Bemax company yersterday completed perforation of the Vežešnik tunnel on the Bar-Boljare highway route. According to the information CdM obtained from this company, Bemax perforated a 2.5 km long left pipe, which means that Bemax has completed all contracted works related to the tunnel perforation on the first highway section even before… READ MORE
Minister of Transport and Maritime Affairs, Osman Nurković and the President of the Chinese Company CRBC, Lu San, said that the first highway section will serve as a test whether the cooperation will be encouraged in the construction of other sections too. On the occasion of the 9th International Infrastructure Investment and Construction Forum, held… READ MORE
Prime Minister Dusko Markovic will have a meeting with representatives of the Chinese CRBC company and the Exim Bank tomorrow , where they will discuss the further works on the highway, i.e. the Matesevo-Andrijevica-Boljare section. During the Prime Minister’s Question Time in Parliament Marković said that Montenegro was not only encouraged by the European Union… READ MORE
Another two tunnels, Mrki Krs and Mala Trava, have been bored at the 3rd (Lopate) subsection of the priority Bar-Boljare highway section. Now, the length of the bored tunnels has reached 13.4 kilometres, says the Chinese CRBC company. These two tunnels are bored first in the third highway section. Mrki Krs was tunnelled in 10 months,… READ MORE
Construction has been finalized on the pillars of the largest bridge on priority section of the highway Bar Boljare. The construction site was visited today by the Minister of Traffic and Maritime Affairs Osman Nurkovic and Hei Shiqiang, CRBC executive director for Montenegro. Moracica bridge is one of the most demanding objects on the… READ MORE
Works worth €171.2m were carried out by the Chinese China Road and Bridge Corporation (CRBC), the main contractor on the priority section of the Bar-Boljare highway, by the end of 2016. This represents 21% of the amount agreed for designing and building this section, said the transport minister Osman Nurkovic, in an interview for Pobjeda…. READ MORE
Highway construction is difficult in every country and it differs by standards, while the construction itself does not change, said main expert of CRBC Hou Jinlong for Dan daily. “Highways in general are difficult to build, both in Montenegro and in China. There are always difficulties, but if you do not believe you can overcome… READ MORE