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The Balkan Project Washington Wants to Derail

The Balkan Project Washington Wants to Derail
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RTCG - Radio Televizija Crne Gore - Nacionalni javni servis :: Ekonomija :: Abazović i Bojanić sjutra obilaze gradilište auto-puta

RTCG - Radio Televizija Crne Gore - Nacionalni javni servis :: Ekonomija :: Abazović i Bojanić sjutra obilaze gradilište auto-puta
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RTCG - Radio Televizija Crne Gore - Nacionalni javni servis :: Ekonomija :: Za autoput do sada platili oko 700 miliona eura

RTCG - Radio Televizija Crne Gore - Nacionalni javni servis :: Ekonomija :: Za autoput do sada platili oko 700 miliona eura
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Montenegro's Chinese-funded highway to replace 'death road'


By Reuters Staff
3 Min Read
SMOKOVAC, Montenegro, June 1 (Reuters) - Montenegro’s new Chinese-funded highway has become a huge financial burden and political football but it is also a long overdue replacement of what Montenegrans have nicknamed “death road”.
A NATO member and a European Union membership candidate, Montenegro borrowed 809 million euros ($990 million) from China’s Export-Import Bank in 2014 to pay for 85% of the first section of the road, which eventually will link the Adriatic port of Bar and Montenegro’s landlocked neighbour Serbia.
The loan sent Montenegro’s debt soaring to 97% of economic output. Last week, finance minister Milojko Spajic called it the most expensive highway in the world although he said the country had the funds to repay the debt. ....

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