The government of Montenegro has finalized an implementation agreement for the reconstruction and expansion of the City Stadium in Podgorica, with a budget set at €26.5 million. This project is part of a broader capital investment initiative aimed at enhancing public infrastructure.
The redevelopment plan includes the construction of a new eastern stand, underground parking facilities, and additional commercial spaces to support various activities.
Execution of the project is scheduled to take place between 2025 and 2028.
Financing for the project will be primarily sourced from the national capital budget, which will cover 95% of the construction costs, while the City of Podgorica is responsible for the remaining 5%.
The upgraded stadium will accommodate approximately 6,100 spectators, featuring designated areas for VIPs, media, and accessible seating options.
The total gross developed area is projected to reach around 31,667 square meters, which includes nearly 13,933 square meters across two levels of underground parking.
Additional features of the project will comprise conference rooms, media facilities, and commercial space aimed at enhancing the stadium’s functionality.
The Ministry of Public Works will oversee the implementation process, while technical documentation has been provided by the Football Association of Montenegro.
This government decision marks a significant step in establishing the project’s institutional and financial framework; however, it does not indicate that a main construction contract has yet been awarded.
The initiative presents a substantial opportunity for Montenegro’s construction sector, complementing other major investments in road, rail, healthcare, and environmental projects planned for the coming years.
The inclusion of underground parking addresses growing urban infrastructure challenges in central Podgorica, where increased vehicle numbers have intensified demand for available space.
The economic impact of this project will largely hinge on the timing and execution of procurement processes.
If completed as scheduled, it is expected to merge sports infrastructure with commercial and parking amenities, becoming one of the prominent state-supported developments in Podgorica by 2028.
