The European Bank for Reconstruction and Development (EBRD) will provide EUR 15 million to finance the reconstruction of the road from Tivat to Jaz Beach near Budva.
As announcedby the EBRD head for Montenegro, Jaap Sprey, the road will be expanded from its current two lanes to a four-lane boulevard-type road and will provide a easier and faster connection on the busiest route in the country, linking two key tourist cities on the Adriatic coast.
“The project will increase the resilience of the road network to climate change through the implementation of climate resilience measures. This includes measures to prevent erosion and landslides, increase drainage capacity, reinforce embankments, modify bridge design, etc.,” said the EBRD head.
The reconstruction includes the construction of 16 km of a four-lane road with 12 bypasses and the parallel installation of a 15-km second gas pipeline between Jaz and the entrance to Tivat.
The total cost of the road reconstruction from Tivat to Jaz Beach
In total, five bids were submitted to the Road Traffic Administration tender by domestic and foreign companies for the reconstruction of the main road into a boulevard on the section from Tivat Airport to Jaz.
The cheapest was offered bythe Chinese companyChina Civil Engineering Construction Corporation (CCECC) from Beijing, which is asking for EUR 35.2 million, or EUR 42.59 million including VAT.
Another favorable offer is from the Chinese state-owned construction company China State Construction Engineering Corporation (CSCEC), which also has local partners among construction companies in Montenegro. They are asking EUR 43.67 million for the work, or EUR 52.84 million including VAT.
The consortium of Green Line General Trading and Contracting and Salillari Limite d from Kuwait offered a price of EUR 47.06 million, EUR 56.94 million including VAT.
The consortium consisting of Austria’s Strabag and Podgorica-based Bemax is asking EUR 48.48 million for the work, or EUR 58.66 million including VAT.
The most expensive offer is from the Turkish consortium made up of ANT and Yuksel Insaat from Ankara, amounting to EUR 67.07 million, or as much as EUR 81.15 million including VAT.