PODGORICA (Montenegro), August 10 (SeeNews) – The government of Montenegro plans to complete by 2025 the construction of a new container terminal at the port of Bar at an estimated cost of 2.5 billion euros (2 , $ 9 billion), according to a document released by the transport ministry on Monday.
The minimum cost of the project, which will be implemented as part of a public-private partnership, is estimated at 1.6 billion euros, according to the government’s maritime economy development strategy for the period 2020- 2030 published on the website of the Ministry of Transport.
The container terminal will have an area of 140 hectares and will be able to handle container ships with a capacity of over 22,000 twenty-foot equivalent units (TEUs), according to the document adopted by the Montenegrin government on July 30.
“By building a new container terminal, Montenegro would have the chance to represent Europe’s leading port for ships from Asia,” the government said in the document.
The strategy also provides for the construction of a liquefied natural gas (LNG) terminal at the port of Bar as part of a concession contract or a public-private partnership program.
In February, the executive director of the public port operator Luka Bar [MNG:LUBA]Vladan Vucelic said the company is considering building an LNG terminal to handle imports of US liquefied natural gas to Europe.
($ = 0.851021 euros)