economy
March 13, 2026
Frankfurter Algemajne Cajtung Writes: The 177-kilometer Highway That Almost Destroyed Montenegro
The highway built by the Chinese almost 'destroyed' Montenegro, writes Frankfurter Algemajne Cajtung. It is still being built by the Chinese – but with European money.
TL;DR
- Montenegro's highway project, initiated in 2014, was partially funded by a Chinese loan that led to a significant increase in the country's debt.
- The project, initially undertaken by China Road and Bridge Corporation (CRBC), faced delays and cost overruns, causing budget problems for Montenegro.
- A deal with European and American banks reduced interest rates, but the principal repayment remains a burden.
- The EU is now subsidizing further construction with 150 million euros, and the European Bank for Reconstruction and Development is providing a 200 million euro loan.
- Chinese firms, such as Powerchina, are still involved in construction, despite the shift in funding.
- Critics in Montenegro refer to the project as 'a road to nowhere,' while authorities see it as a development stimulus.
- The involvement of Chinese firms in European-funded projects is not unique, as seen in the case of Croatia's Pelješac Bridge.
Continue reading the original article