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Signature(s)

Amount (.*)
€ 75,470,826
Countries
Sector(s)
Montenegro : € 75,470,826
Transport : € 75,470,826
Signature date(s)
27/05/2024 : € 15,765,826
27/05/2024 : € 19,705,000
27/05/2024 : € 40,000,000
(*) Including a € 19,705,000 Investment Grants provided by the WESTERN BALKANS INVESTMENT FRAMEWORK ,a € 15,765,826 Investment Grants provided by the WESTERN BALKANS INVESTMENT FRAMEWORK
Link to source

Summary sheet

Release date
16 January 2023
Status
Reference
Signed | 27/05/2024
20200001
Project name
Promoter - financial intermediary
MONTENEGRO RAILWAYS REHABILITATION
ZELJEZNICKA INFRASTRUKTURA CRNE GORE AD
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 76 million
EUR 80 million
Location
Sector(s)
Description
Objectives

The project concerns the railway reconstruction along the Vrbnica - Podgorica - Bar railway line forming a part of the Orient/East Mediterranean TEN-T Core Network corridor, indicative extension to the Western Balkans.

The project concerns rehabilitation works across southern, central and northern Montenegro along the Bar - Podgorica - Vrbnica railway line forming part of the indicative Extended Orient/East Mediterranean TEN-T core corridor (SEETO Route 4). The project is expected to include the following four components to be confirmed during appraisal: - Rehabilitation of the permanent way on 20 km of single track line in central Montenegro; - Rehabilitation of 13 steel bridges at various locations across the country; - Rehabilitation of 8 tunnels at various locations across the country; - Modernization of 3 workshops for rolling stock in Bar, Podgorica and Niksic;

Environmental aspects
Procurement

If situated within the EU, all the project components would fall under Annex II of Environmental Impact Assessment (EIA) Directive 2011/92/EU, as amended by Directive 2014/52/EU, and would therefore be subject to screening. Screening out decisions for the tunnels and bridges have already been issued by the Competent Authority, and similar decisions are expected for the remaining two components. The overall compliance of the project to EIB standards, and the safeguard management arrangements, will be verified during appraisal.

The EIB will require the promoter to ensure that any procurement procedures are done in accordance with the EIB's Guide to Procurement and the relevant applicable EU public procurement rules.

Under Global Europe NDICI guarantee

Under EFSD+ Guarantee

Milestone
Under appraisal
Approved
Signed
21 December 2022
27 May 2024
Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - MONTENEGRO RAILWAYS REHABILITATION
Publication Date
27 Jan 2023
Document language
Main Topic
Lending
Document Number
126244946
Document Focus
Environmental Information
Project Number
20200001
Sector(s)
Countries
Publicly available
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