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In Montenegro, a dead end highway
 | Local News

In Montenegro, a dead end highway
| Local News | Local News

Launched in 2014, the construction of a highway intended to open up this Balkan nation is being completed more than two years late. The environmental cost is very heavy and this pharaonic project of more than a billion dollars has dangerously increased the debt of this country of 600,000 inhabitants. It is carried out by a Chinese state-owned company and financed by a Chinese bank. In particular, the contract provides for a renunciation of sovereignty over certain parts of the territory in the event of default in payment. A weight on the shoulders of the new government, which adds to the strong suspicions of corruption around the site. Investigation.

This motorway project is one of the New Silk Roads, an ambitious overseas infrastructure investment project initiated by Beijing in 2013. The modern version of this economic and trade corridor consists of a land part – with the establishment or financing of railways between China and Europe – and a maritime component, which involves investments in dozens of ports around the world to facilitate Chinese trade.

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