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The Independent UK

World

Daria Sito-Sucic

Montenegro tourism boost after securing 350 million euros for transport upgrade

European Union Montenegro Euro EBRD

Kotor in Montenegro - (Alamy)

Montenegro has secured 350 million euros from the European Bank for Reconstruction and Development and the European Union to enhance transport connectivity within the Balkan country and with the wider region, the EBRD said in a statement on Thursday.

The EBRD will provide a loan of up to 200 million euros to finance the construction of the Matesevo Andrijevica section of the highway connecting the Adriatic port of Bar with the Serbian border, while the EU will contribute two investment grants totalling 150 million euros.

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