Release date: 16 January 2023
Promoter – Financial Intermediary
ZELJEZNICKA INFRASTRUKTURA CRNE GORE ADLocation
Description
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.
Objectives
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;
Sector(s)
- Transport - Transportation and storage
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 76 million
Total cost (Approximate amount)
EUR 80 million
Environmental aspects
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.
Procurement
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.
Status
Approved - 21/12/2022
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).