Estimated Project Value: €1.7 billion
WBIF Grants: €172.9 million, out of which €148.5 from the EU and €24.4 million from other donors
Loans Signed: €227 million
The WBIF has supported eighteen projects with an overall estimated value of €1.7 billion across eligible sectors. The WBIF has provided €172.9 million in grants, whereas the loans signed on WBIF-supported have reached €227 million. The EU support channelled through the WBIF accounts for €148.5 million and covers both technical assistance and investment works.
The WBIF has helped prepare and implement essential infrastructure developments across all eligible sectors, such as water and wastewater systems throughout the country, district heating, regional solid waste schemes, gas and electricity distribution 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 Western Balkans and the EU, and to the preparation of broadband investments.
Achieved results (selection):
Expected results (selection):
Out of the eighteen projects supported, three have been completed, four are being implemented, one is tendering for works to start construction and ten 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 will be replaced in Podgorica, as well as 29 concrete bridges and 20 tunnels on the Vrbnica – Bar section will be rehabilitated.
€44.8 million investment value
€20 million EU grant
€20 million EIB loan
For more details, please see the Project Summary (last updated February 2018).
Population: 0.6 million
GDP: €4.2 billion
GDP per capita Index: 46
Public Debt: 67.2% GDP
EU Candidate: March 2004