Estimated Project Value: €1.8 billion
WBIF Grants: €195.3 million, out of which €170.9 from the EU and €24.4 million from other donors
Loans Signed: €250 million
The WBIF has supported 20 projects with an overall estimated value of €1.8 billion across all eligible sectors. The WBIF has provided €195.3 million in grants, whereas the loans signed on WBIF projects have reached €250 million. The EU support channelled through the WBIF accounts for €170.9 million and covers both technical assistance and investment works.
The WBIF has helped prepare and implement essential infrastructure across all eligible sectors, such as water and waste water systems throughout the country, regional solid waste schemes, flood protection measures, district heating, gas and electricity transmission networks. Moreover, the WBIF has contributed to the development of essential road and rail transport routes, which will ensure the country's connections with the other countries in the region and the EU, and to the preparation of broadband investments.
The WBIF supports Montenegro in fulfilling key objectives of the Economic and Investment Plan for the Western Balkans by 2024, including:
Out of the 20 projects supported, 3 have been completed, 4 are being implemented, 1 is tendering for works to start construction, and 12 are at various stages of preparation. In addition, Montenegro has benefited from regional projects and initiatives funded by the WBIF, such as the Regional Energy Efficiency Programme for the Western Balkans (REEP and REEP Plus) and the Western Balkan Enterprise Development and Innovation Facility (EDIF).
For more details on the current status of the WBIF operations in Montenegro, please visit our Projects page.
Orient/East-Med Corridor: Montenegro – Serbia R4 Rail Interconnection, Bar – Vrbnica Section, (c) EU. With this investment project, signalling systems on approximately 9 km of railway line have been replaced in Podgorica, and 29 concrete bridges and 20 tunnels on the Vrbnica – Bar section are being rehabilitated.
€43.6 million investment value
€20.4 million EU grant for construction works
€20.0 million EIB loan
For more details, please see the Project Summary (last updated February 2018).
Population: 0.6 million
GDP: €4.9 billion
GDP per capita: €7,960
Public Debt: 108.85% GDP
EU Candidate: Candidate country since December 2010