|Beneficiary Contribution||Own Contribution||€ 17,000,000|
|Total Grants||€ 27,390,000|
|Total Loans||€ 85,000,000|
The project contributes to the establishment of a Western Balkans regional electricity market through the creation of a 400 kV transmission corridor between Montenegro, Serbia and Bosnia and Herzegovina. The corridor would be further linked to the European Union via the Italy - Montenegro submarine cable.
The investments in Montenegro comprise the construction of a new 400 kV transmission line from Lasta to Pljevlja and then to the border with Serbia, including the construction of a new substation in Lastva, the grid connection from Lastva substation to the existing 400kV Podgorica – Trebinje line, and the upgrade of the 400/220/110 kV substation in Pljevlja. The project includes the cost of dismantling the existing 220 kV overhead lines between the substation in Pljevlja and the Montenegro/Serbia border.
The project has benefited from WBIF grants for technical assistance for project identification and preparation (€2.2 million) as well as for works and supplies (€25 million) under the 2015 Connectivity Agenda. Construction works are currently ongoing, with an estimated completion date set for the end of 2022.