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Investments In Montenegrin Road Infrastructure

Montenegro
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The Montenegrin Ministry of Transport has recently been in the news as it provided an overview of investments that it has made over the past ten years in the country's road infrastructure – investments that have totalled at EUR 300 million through renovation, modernisation, and construction processes throughout the country.

The Ministry's statement further outlined that the latest projects included 35 kilometres of roads that were built during the past six months, at the same time pointing out that the two key projects are still awaiting completion – the Obzovica-Brajici section and the Budva-Becici connecting boulevard. Both of these projects have been deemed as especially significant for the ways in which they can facilitate the mobility of tourists in the high season. However, the Montenegrin Ministry emphasised the fact that even though the two projects have not yet been finalised, the works involved with them are still ahead of schedule, meaning that the completion is expected soon.

Furthermore, the Ministry made it clear in their statement that their biggest focus is on implementing the kinds of projects that can simultaneously benefit everyone, including their own citizens, the incoming tourists, as well as the growing numbers of seasonal workers, many of whom use Montenegrin roads as the premier option of transport. A significant part of finalising these projects on time, according to related reports, has been the way in which the already short and limited spring construction season is utilised – something which was dealt with successfully thus far this year.

The Ministry's statement concluded with their encouragement of Montenegrin citizens to continue providing feedback on how best to improve the current infrastructure, and as a consequence, scale down what's most detrimental for normal functioning of transport – traffic jams and road congestions – to a bare minimum. In doing so, the report concludes, everyone involved can only experience wide-reaching benefits

By Dejan Nikolic, Senior Partner, and Milena Roncevic, Senior Associate, Karanovic & Nikolic

Montenegro Knowledge Partner

Radonjic/Associates is a leading Montenegrin full service law firm, providing integrated legal advice on complex transactions to its clients. The Firm’s client base is a diverse range of large international corporations, international financial institutions, leading energy and construction companies in Europe, and wealthy individuals investing in Montenegro. The Firm’s work is guided by commitment to delivering a responsive, cost effective and commercially focused service. Radonjic/Associates is recognized for its quality, the reputation of its professionals, and its international outlook. Some of the Firm’s lawyers have been individually ranked as the leading lawyers in Montenegro by major legal directories such as Chambers Europe, Chambers Global, IFLR, Legal 500.

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