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Montenegro railway to be given funding by EIB

The Montenegro railway infrastructure will be rehabilitated along the main trunk line connecting the Port of Bar and the capital Podgorica with Belgrade and Pan-European Corridor X, thanks to a €34m loan from the European Bank of Infrastructure (EIB).

The railway is crucial for the Montenegrin economy and plays a critical role, given the insufficient road network and the mountainous terrain, in ensuring movements of freight, particularly bulk items such as ores, steel and agricultural products. Railways are also a key transport mode for the Adriatic Port of Bar. Improvements in the railway infrastructure will enable the railways to respond to the growing demand.

The total cost of improving the railway, once officially approved, is expected to be €68m.

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