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European Commission invests €100 million for Montenegro’s highway extension
The European Commission has approved a €100 million grant to support the construction of the Matesevo-Andrijevica section of the Bar-Boljare Highway, part of the Economic and Investment Plan for the Western Balkans. This investment aims to improve daily life for Montenegro’s citizens by enhancing connectivity between the northern region and the capital, Podgorica, fostering socio-economic development.
Commissioner Olivér Várhelyi stated, “The EU is committed to investing in Montenegro to accelerate the country’s socio-economic development. The construction of the next section of the Bar-Boljare Highway will better integrate the Western Balkan region and unlock trade and investment potential, which is central to the EU’s Growth Plan for the Western Balkans.”
The total cost for the new section is approximately €600 million, with the initial €100 million grant from the EU’s IPA III funds marking the first phase of support. This funding ensures tangible improvements in infrastructure and services for Montenegrin citizens.
Key benefits for citizens include:
– Quicker journeys between the north and the capital.
– Modern infrastructure for safer travel.
– Easier access to regional markets for businesses.
– Better connectivity to healthcare, education, and other essential services.
The project, supported by the European Bank for Reconstruction and Development (EBRD), will follow competitive procurement and transparent processes, adhering to European standards to maximize benefits for citizens.
