Release date: 29 August 2003
Promoter – Financial Intermediary
Montenegro Airport Management Company (MAMC).Description
The proposed project includes urgent investments in Podgorica and Tivat Airports to meet with basic customer services, security and standards.
Objectives
The two airports are in need of a series of modernization and upgrading measures in line with international airport requirements.
Comments
Airport.
Sector(s)
Proposed EIB finance (Approximate amount)
Approximately EUR 11.50 million.
Total cost (Approximate amount)
Approximately EUR 25 million.
Environmental aspects
The present investments, which aim at compliance with international safety and service standards, are as such not considered to have a negative impact on the environment compared to a “no-project” situation. However, where investments turn out to contribute to significant airport capacity enhancement, the Bank would require appropriate environmental studies. Such requirements will be determined during appraisal.
Procurement
EIB procedures for international procurement would be applied, where relevant.
Status
Signed - 27/02/2004
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).