The European Union has allocated EUR 175 million for the modernization of the Bar–Golubovci railway section, part of the TEN-T Western Balkans – Eastern Mediterranean corridor.
This 39-kilometer railway section lies on the corridor connecting the Port of Bar with Belgrade, linking Montenegro and the Western Balkans with Central Europe. The modernization aims to increase speed, reliability, safety, and capacity of the railway infrastructure. Following completion, the upgraded line is expected to enable the transport of 1.3 million passengers and 1.85 million tonnes of freight annually.
The total value of the project is estimated at EUR 230.8 million. The largest share of financing comes from a European Commission grant of EUR 112.6 million and a EUR 63 million loan from the European Investment Bank. The remaining funding is provided through a EUR 50 million loan from the European Bank for Reconstruction and Development, along with EUR 5.2 million contributed by the Government of Montenegro.
Technical support for project preparation in line with EU environmental, social, and technical standards is provided through JASPERS, an advisory program of the European Commission and the European Investment Bank.
To learn more about the projects of EIB in Montenegro visit https://www.eib.org/en/projects/regions/enlargement/the-western-balkans/montenegro/index.htm.
You can find more about the activities of EIB on the Western Balkans on https://www.eib.org/en/publications/the-eib-in-the-western-balkans.