Chinese Exim bank approved a loan of EUR 687 m for the Bar-Bolajre highway – Works to start u the end of 2014

(Photo: Aleksandar Parezanović)

Chinese Exim bank approved EUR 687,65 m loan for the construction of the first section of the Bar-Boljari highway, from Smokovac to Matesevo, Montenegrin minister of traffic and navigation, Ivan Brajovic, and announced the start of works by the end of this year.

The loan is delivered for the approval of the Chinese government and expects that all procedures in China and Montenegro when it comes to intergovernmental agreement end in a month and a half, Brajovic said at the press conference.