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Montenegro, contract signed for Trans-Balcan energy corridor

Connected to Montenegro-Italy underwater cable

07 July, 16:42
(ANSA) - TRIESTE - A contract for the construction of the Trans Balkan energy corridor was signed today in Montenegro. The project, worth 25 million euros, is being financed by the Eu and implemented by the German Development Bank (Kfw). The document was signed by Montenegro's economy minister Vladimir Kavaric and by the representatives of Kfw and of the local energy transmission company, Cges. "The project aims at reinforcing the Montenegrin infrastructure in relation to the Montenegro-Italy underwater energy cable", the minister said. "The undersea connection with Italy is a priority of this country. It puts Montenegro at the centre of this part of the world in terms of energy connections, allowing the neighbouring countries to connect with Western Europe through Montenegro", Kavaric added, as reported by the public broadcaster, Rtcg. (ANSA).

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