Map of Smokovac-Matesevo highway in Montenegro |
The government is preparing to build the Matesevo-Andrijevica and Smokovac-Farmaci sections of the highway under a public-private partnership model.
In November 2018, the Montenegrin government applied for a 54.6m-euro ($ 61.3m) loan to build the Matesevo-Andrijevica section, which represents 20% of the total project cost. An additional 20% will be provided through a loan from the European Bank for Reconstruction and Development (EBRD), and 60% will be provided by private partners.
Smokovac-Metesevo was built by the China Road and Bridge Corporation (CRBC). The initial deadline for the completion of the project is September 30, but according to Montenegrin media reports, the Chinese company applied last month for its extension due to the coronavirus crisis. A total of 1,080 workers were hired to carry out the project, including 460 Chinese nationals.