EBRD, GCF and EU join forces to back Jordan's green transition
US$ 20 million loan to Cairo Amman Bank
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Author: Jelena Pajic
The European Bank for Reconstruction and Development (EBRD) is providing a sovereign loan of up to €30 million to Montenegro to support the development and installation of intelligent transport systems (ITS) across the country’s road network. The Ministry of Finance will receive the loan, while the Ministry of Transport will act as the client and implementing entity, supported by state-owned motorway operator Monteput and the Transport Administration.
The financing will enable the deployment of advanced digital systems to improve traffic monitoring, management and safety, helping Montenegro modernise its transport infrastructure and align with European Union (EU) standards.
The project will support the installation of a wide range of ITS components, including traffic data collection systems, road meteorological monitoring, traffic and tunnel control systems, road user information platforms and a national traffic management centre. These upgrades will allow the authorities and road users to access real-time information, and will improve emergency response and ensure a safer, more efficient road network.
By helping create a more modern, better-connected road system across Montenegro, the initiative will make it easier for different parts of the transport network to share information and work together. It will also make the system more secure and resilient by strengthening cybersecurity and bringing it into line with international standards. The project will also contribute to climate resilience by enabling early-warning systems and improving responses to extreme weather events affecting road infrastructure.
The investment is aligned with the EBRD’s strategy for Montenegro and supports the country’s efforts to strengthen connectivity, promote digitalisation and improve road safety standards in line with the EU acquis.
The EBRD is a leading institutional investor in Montenegro, with €1.1 billion invested across 114 projects to date, supporting the country’s sustainable development, infrastructure, rivate-sector growth and regional integration.
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