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Fri April 16 2021

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China signs PPP deal for Adriatic-Ionian motorway

27 Nov 15 The transport ministers of Montenegro and Albania have signed an agreement with a Chinese contractor for construction of their stretch of the Adriatic-Ionian motorway.

The road will be built by Pacific Construction Group Corporation Limited (CPCG) as a private-public partnership. CPCG, which was founded in 1995, is one of the largest private companies in China and has a particular focus on transport infrastructure.

The agreement signed in Beijing yesterday sets out mechanisms for developing cooperation between Montenegro, Albania and CPCG in order to build the section of the project in Montenegro and Albania. The memorandum covers a period of 18 months, with a possibility for extension.

The section in Montenegro and Albania is part of a motorway being developed along the western coast of the Balkan peninsula. The overall route also passes through Italy, Slovenia, Croatia, Bosnia & Herzegovina and Greece.

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