• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

States Stockpile Gold Bars To Hedge Against Inflation

April 23, 2026

Hilarious Sayings for a Happy Start to Summer

April 23, 2026

EXCLUSIVE: Biden-Era Rule Screws Over Top US Truck Maker As Diesel Plans Grind To A Halt

April 22, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Thursday, April 23
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    States Stockpile Gold Bars To Hedge Against Inflation

    April 23, 2026

    EXCLUSIVE: Biden-Era Rule Screws Over Top US Truck Maker As Diesel Plans Grind To A Halt

    April 22, 2026

    Panel Makes Case For Turbocharging American Innovation At Daily Caller Live Event

    April 21, 2026

    EXCLUSIVE: Florida AG Launches Antitrust Probe Into Plastic Organizations’ Costly Climate Goals

    April 21, 2026

    Tim Cook Announces Exit As Apple CEO

    April 20, 2026
  • Finance

    How Long Can Kyrgyzstan’s Economic Boom Keep Booming?

    February 18, 2026

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Montenegro’s Scandal-ridden Chinese Road 
Finance

Montenegro’s Scandal-ridden Chinese Road 

January 13, 2024No Comments6 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Conceived and planned a decade ago under a near billion dollar Belt and Road Initiative (BRI) loan by the Export-Import Bank of China, and built by the China Road and Bridge Corporation (CRBC), the Bar-Boljare highway was supposed to represent a transformative connection between the Adriatic Sea and Belgrade, bolstering trade, connectivity and tourism for the small mountainous country of Montenegro. The controversial project has polarized the country and put Montenegro in seemingly insurmountable debt.

Elizabeth Economy wrote in a July 2023 article for the Financial Times: “Of course, Belt and Road has been a complicated mix of success and failure – cementing China’s economic, political, and strategic influence in some countries, while prompting significant popular backlashes in others.” And in some countries, like Montenegro, both the influence and the backlash exist simultaneously. 

A small section of the “world’s most expensive road” – 41 kilometers from Smokovac to Matesevo out of a planned total length of 165 km – is open now just outside the Montenegrin capital of Podgorica, but it doesn’t go far. The multilane highway traverses rugged mountain terrain with an impressive series of tunnels and bridges in just under an hour, but then abruptly ends. There are few drivers on the road because of the expensive toll to take it for such a short distance. After exiting, it is back to dusty and bumpy roads, leaving drivers reminded of the past before the highway was built. 

The end of the road in Matesevo. Photo by Nicholas Muller.

Former Montenegrin Justice Minister Dragan Soc characterized the pointless nature of the project in comments to NPR in 2021: “We make a joke: It is a highway from nothing to nothing.”

See also  IRS Rule Change Should Have You Rethinking How You Leave Assets to Heirs

Despite its costs, it has significantly alleviated the time it takes to drive across this short but perilous section of the country, which used to take hours, and has contributed to a reduction in dangerous driving conditions on older, poorly maintained roads, enhancing overall road safety. 

Road safety is a major issue in Montenegro; the country has had one of the highest traffic fatality rates in Europe.  

Just north of Podgorica, a view of one of the bridges of the highway. Photo by Nicholas Muller.

An Economic Conundrum

Montenegro was one of the first countries in Europe to attach itself to China’s Belt and Road Initiative (BRI), keen to access ready funding for infrastructure.

Yet the Chinese loan from the costs of the highway has saddled the country with debt and nearly resulted in economic collapse, until Montenegro received restructured financing relief from European and U.S. banks. The debts amounted to more than a third of the government’s annual budget.

According to a 2023 U.S. State Department report: “Montenegro has one of the highest public debt-to-GDP ratios in the region.” And “[t]he completion of the full four-stage project continues to pose challenges to Montenegro’s fiscal position, given limited room to finance the construction of the three remaining sections.” 

 

The China Road and Bridge Corporation (CRBC) office in Podgorica, Montenegro. Photo by Nicholas Muller.

Montenegro is not alone; other BRI members have struggled to manage the loans issued under the Belt and Road framework. According to Euronews, Argentina, Ethiopia, Kenya, Malaysia, Montenegro, Pakistan, and Tanzania are all dealing with extreme debt-to-GDP ratios that force crippling decisions in order to service the debt.

See also  Fed Officials Signal Divide Over Whether to Hike Rates Again

As Carla Freeman of the United States Institute of Peace wrote, “But now a lot of these [BRI] countries are saddled with immense debt and are having challenges repaying that debt. Also, they faced problems with forced resettlement of populations with often consequences for the stability of their countries. Environmental degradation has been associated with a lot of these projects. And so now that the hype is over, there’s a lot more international scrutiny.” 

A former CRBC construction camp housing Chinese workers who were brought in to build the highway. Photo by Nicholas Muller.

In comments to Balkan Insight in 2022, Dejan Milovac, from the prominent watchdog MANS, characterized the project as lacking transparency.

“Even though the first section is finally finished, after almost seven years, we still do not have detailed and reliable information on how much the project cost and what the reasons for the delays were. We are also not informed whether the state adequately protected the public interest in the deal with the Chinese investors,” Milovac told Balkan Insight.

RFE/RL reported that the “2014 loan agreement with the Export-Import Bank of China has been made public, but nearly all other documents relating to the highway have been classified as secret by Podgorica, which many experts believe is due to binding clauses in the Chinese contracts.”

A house in Matesevo, Montenegro where the highway ends. The end of construction can be seen in the background. Photo by Nicholas Muller.

A Heavy Environmental Toll

In addition to the fiscal burden, the project has enacted a heavy cost from the 78-kilometer long UNESCO-protected Tara River Gorge. Environmental experts in Montenegro have deemed the river “effectively dead.” Since the highway was built nearby, the fish have disappeared. Locals blame poisoning of the water supply by Chinese workers dumping materials into the river. 

See also  Huawei’s Growing Presence in Central Asia’s Telecom Industry

Unused construction parts from CRBC, the Chinese construction company, are left strewn along the Tara’s banks, and the once pristine water is now full of debris from dump sites and sediments, which are flushed into the river, destroying it. It’s not clear how the government plans to revitalize the river. 

Debris left by the construction company is left in numerous places along the highway and in the rivers. In the background is a former CRBC construction camp housing Chinese workers brought in to build the highway. Photo by Nicholas Muller.

For years, activists had warned of the toll construction and pollution were taking on the Tara River. In 2021, the country launched the first state investigation into CRBC concerning the environmental damage to the UNESCO-protected river. Activist groups’ concerns and Montenegro’s Nature and Environmental Protection Agency (NEPA) were repeatedly ignored by CRBC. Criminal charges were brought, but were later dismissed. 

After sour experiences with BRI infrastructure projects 10 years on, many countries have shied away from taking on new Chinese projects. But in March 2023, Montenegro awarded new road contracts to Chinese firms for a coastal highway between the main tourism centers from Budva to Tivat. 

A view of the damage caused to the Tara River by the construction of the highway. Photo by Nicholas Muller.

Although some of the inner workings of the deal have since been revealed, many documents relating to the Montenegrin highway have been classified as secret, leaving Montenegrins in the dark about the details. 

The Chinese workers who lived on site for years have gone home now that the first section is done. Now Montenegro is left with the bill from the previous government and uncertainty, as to whether the remaining sections of the road will ever be built in the future.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

How Long Can Kyrgyzstan’s Economic Boom Keep Booming?

February 18, 2026

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

April 17, 2025

The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

April 17, 2025

Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

April 17, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Ted Cruz makes AOC regret snarky comment about history of US political parties: ‘Dem party founded the KKK’

May 24, 2023

PA State Senator Cris Dush Faces Off with Trans Activists at Penn State, Threatens to Cut Funding

November 5, 2023

Jack Smith Has Evidence Treasonous Trump Shared Nuclear Sub Secrets

October 6, 2023

Turkey Air Strikes Northern Iraq Kurdistan Workers Party After Suicide Blast Parliament

October 1, 2023
Don't Miss

States Stockpile Gold Bars To Hedge Against Inflation

Business April 23, 2026

Several states are loading up on gold bars as concerns about rising prices and massive…

Hilarious Sayings for a Happy Start to Summer

April 23, 2026

EXCLUSIVE: Biden-Era Rule Screws Over Top US Truck Maker As Diesel Plans Grind To A Halt

April 22, 2026

How Your Oral Health Impacts Your Overall Wellbeing

April 22, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,342)
  • Entertainment (4,220)
  • Finance (3,203)
  • Health (1,938)
  • Lifestyle (1,870)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

China’s Massive Economic Stimulus Is Not Coming Back 

July 3, 2023

US Justice Dept’s Google advertising case gets fast-paced schedule

March 25, 2023

Arnold Schwarzenegger Doubles Down On Donald Trump Irrelevancy Claims

June 18, 2023
Popular Posts

States Stockpile Gold Bars To Hedge Against Inflation

April 23, 2026

Hilarious Sayings for a Happy Start to Summer

April 23, 2026

EXCLUSIVE: Biden-Era Rule Screws Over Top US Truck Maker As Diesel Plans Grind To A Halt

April 22, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.