Montenegro, intent on developing to its full potential, particularly when it comes to tourism, has embarked on an ambitious programme of improving its water and wastewater systems.
A National Project Implementation Unit (PROCON) was established and tasked with the implementation of public utilities and environmental projects throughout the country. PROCON’s resources are however limited when compared to the volume of investments to be contracted, monitored and disbursed. To cover this gap, since 2009 the WBIF has financed project preparation (€2.6 million) and co-financed investments (€5 million) in several municipalities across the country.
The investments will benefit approximately 200,000 people, who will have access to better water supply and wastewater facilities and who will thus be living in a safer environment. Moreover, the new investments will help the local citizens better capitalize on the tourist, agricultural and industrial potential of the region.
|Beneficiary Contribution||Own Contribution||€ 258,150|
|Other Sources||Other Sources||€ 68,129,729|
|EU Contribution IPA||External Grant||€ 3,742,121|
|EU Contribution PPF 2010||External Grant||€ 300,000|
|EBRD||External Grant||€ 300,000|
|National Contribution||Own Contribution||€ 442,006|
|Total Grants||€ 11,075,000|
|Total Loans||€ 57,000,000|