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Montenegro learns true cost of China-backed $1 billion road to nowhere

Two sleek new roads vanish into mountain tunnels high above a sleepy Montenegrin village, the unlikely endpoint of a billion-dollar project bankrolled by China that is threatening to derail the tiny country’s economy.
The government has already burnt through $944 million in Chinese loans to complete the first stretch of road, just 41 kilometres, making it among the world’s most expensive pieces of tarmac.
Montenegro’s finance minister on Friday (16 April) tried to ease concern over a near $1 billion Chinese-backed road project, insisting the country could afford to repay the debt and did not need EU help.
Chinese workers have spent six years carving tunnels through solid rock and raising concrete pillars above gorges and canyons, but the road in effect goes nowhere. ....

Montenegro General , Serbia General , Mladen Bojanic , Zeljko Rajkovic , Milo Djukanovic , Dejan Milovac , Ivan Kekovic , Milo Djukanovi , European Union , Minister Mladen Bojanic , President Milo Djukanovic , Prime Minister Milo , மாஂடநேக்ரொ ஜநரல் , செர்பியா ஜநரல் , ஐரோப்பிய தொழிற்சங்கம் , ப்ரைம் அமைச்சர் மிலோ ,

Montenegro Learns True Cost Of China-backed $1 Bn Road To Nowhere

Montenegro learns true cost of China-backed $1 bn road to nowhere ....

Montenegro General , Serbia General , Mladen Bojanic , Zeljko Rajkovic , Milo Djukanovic , Dejan Milovac , Ivan Kekovic , European Union , Minister Mladen Bojanic , President Milo , மாஂடநேக்ரொ ஜநரல் , செர்பியா ஜநரல் , ஐரோப்பிய தொழிற்சங்கம் , ப்ரெஸிடெஂட் மிலோ ,

Montenegro's China-backed $1bn road to nowhere

PODGORICA: Two sleek new roads vanish into mountain tunnels high above a sleepy Montenegrin village, the unlikely endpoint of a billion-dollar project bankrolled by China that is threatening to derail the tiny country's economy. ....

Montenegro General , Serbia General , Mladen Bojanic , Zeljko Rajkovic , Milo Djukanovic , Dejan Milovac , Savo Prelevic , Ivan Kekovic , European Union , China Road , Bridge Corporation , Minister Mladen Bojanic , President Milo , மாஂடநேக்ரொ ஜநரல் , செர்பியா ஜநரல் , ஐரோப்பிய தொழிற்சங்கம் , சீனா சாலை , பாலம் நிறுவனம் , ப்ரெஸிடெஂட் மிலோ ,

Montenegro learns true cost of China-backed $1 bn road to nowhere

Montenegro learns true cost of China-backed $1 bn road to nowhere
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Montenegro General , Serbia General , Mladen Bojanic , Zeljko Rajkovic , Milo Djukanovic , Dejan Milovac , Ivan Kekovic , European Union , Minister Mladen Bojanic , President Milo , ஐரோப்பிய தொழிற்சங்கம் , ப்ரெஸிடெஂட் மிலோ ,