MON/ GROUND BROKEN ON THE TRANS-BALKAN ELECTRICITY CORRIDOR SECTION IN MONTENEGRO

 
   The project contributes to the establishment of a Western Balkans regional electricity market through
   the creation of a 400 kV transmission corridor between Montenegro, Serbia and Bosnia and
   Herzegovina, also known as the Trans-Balkan Electricity Corridor. The corridor would be further
   linked to the European Union via the Italy – Montenegro submarine cable which is due to be
   completed by 2017.

   The European Commission, together with KfW Development Bank and the European Bank for
   Reconstruction and Development, provided €3.5 million financial assistance for project identification
   and preparation of the Montenegro section, under the Western Balkans Investment Framework. The
   European Union further supported the financing of the works under the 2015 Connectivity Agenda,
   through a €25 million grant. The financing agreement for the latter was concluded on 6 July 2016…
                                                                            (link)