The Council considered the new regulatory framework for strategic investments

The goal is to establish "a new approach to investors and their ideas in Montenegro"

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From the session of the Council for Investments, Photo: Đorđe Cmiljanić/Government of Montenegro
From the session of the Council for Investments, Photo: Đorđe Cmiljanić/Government of Montenegro
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The Council for Public Investments, chaired by Prime Minister Milojko Spajić, with the participation of relevant ministers and key institutions in the implementation of capital projects, held its first session, where, among other things, the new regulatory framework for strategic investments was considered, with the aim of establishing a new approach to investors. and their ideas in Montenegro".

"With a strategic approach, we want to send a message about the Government's efforts to make Montenegro an interesting investment option for strategic project ideas, which ultimately leads to the accelerated development of our economy and, most importantly, to the improvement of citizens' living standards. With a special emphasis on public strategic investments that contribute to the stronger development of Montenegro ", announced the Cabinet of the Prime Minister.

In the part of creating the basis for further infrastructural development, the Council got acquainted with the activities of the new mechanism of electronic monitoring of the implementation of projects from the Capital Budget of Montenegro, which is implemented by the Ministry of Finance, with the aim of more efficient implementation of projects. The Council determined the dynamics of creating the Master Plan for the infrastructure development of Montenegro, as well as the specification of new infrastructure projects.

The council made decisions regarding the necessity of strengthening the control mechanisms of the implementation units of the State Capital Budget, in terms of control and verification of project documentation, as well as stronger monitoring mechanisms in the area of ​​licenses within the competence of the competent ministry.

"In terms of the intensive activities of MONTEPUT DOO, further development of conceptual solutions for the construction of highways and high-speed roads with a focus on the Podgorica - Bar highway section, as well as the creation of the necessary preconditions for the inclusion of the remaining traffic infrastructure in the Spatial Plan of Montenegro, are foreseen, among which is also the section Smokovac - border crossing Božaj, at the initiative of the Deputy Prime Minister Niko Đeljošaj. Public calls and tender procedures for the development of conceptual projects and conceptual solutions for several sections, which are ongoing, indicate the Government's continued commitment to infrastructural development," the announcement states. .

In this sense, it is added, the construction of about 260 kilometers of highways and about 200 kilometers of expressways is planned.

"As part of further infrastructural development and partnership support of the European Union to Montenegro, within the Reform Agenda for the EU Instrument for Reform and Growth, at the proposal of the Ministry of European Affairs, a list of priority projects for financing the Western Balkans Investment Framework within the EU Growth Plan was considered, in part of the following priority areas: education, health, digitization, energy and transport. Therefore, in the coming years, financial support for the infrastructural development of Montenegro is expected from these programs as well," the announcement reads.

The Council for Public Investments is part of the new institutional framework for the improvement of public investments, more efficient coordination and implementation of activities in the Capital Budget of Montenegro and other infrastructure development projects. "A special emphasis in the coming period will be the initiation of new infrastructure projects in the transport, energy, education sectors and the creation of new preconditions for the economic development of Montenegro," the announcement concludes.

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