The Ministry of Finance announced that the capital budget for the upcoming year is set at €280 million, with funds earmarked for the implementation of multi-year projects estimated to be worth €3.7 billion.
This announcement follows the government’s approval of the Draft Law on the Budget and the Decision on Borrowing for 2025 during its most recent session.
According to Jelena Jovetić, Director General of the Directorate for Public Investment Management and Public Procurement Policy, the capital budget for 2025 is 15% higher than the 2024 budget and 28% greater than the 2023 capital budget.
She noted that one of the most significant allocations in the capital budget will go towards highway projects, with €100 million set aside for the construction of highways. An additional €166 million has been allocated for projects in the northern region of Montenegro.
“It’s particularly important to increase investments in transportation infrastructure, as this can help reduce regional disparities,” Jovetić emphasized.
Health sector improvements are also a priority. The budget includes funding for the reconstruction of the hospital in Bijelo Polje and the continued construction of the hospital in Pljevlja.
“The Ministry of Finance will monitor the progress of all capital projects throughout the year to ensure their efficiency,” added Jovetić.
The Ministry has also published a list of the largest planned infrastructure projects for 2025:
Transportation projects:
- Completion of the Bar-Boljare highway: The section from Mateševo to Andrijevica.
- Reconstruction of the M-5 highway: The Berane-Rožaje section.
- Construction of the Tivat-Jaz boulevard.
- Construction of the Cetinje-Čevo-Nikšić road: The Čevo-Nikšić section.
- Reconstruction of the M-2 highway: Lepenac-Ribarevine-Poda-Berane.
Education infrastructure:
- Construction of the Academy of Arts complex in Cetinje.
- Filological Faculty building in Nikšić.
- Reconstruction of the Technical Faculties building in Podgorica.
- Construction of a new primary school in the City Quarter, Podgorica.
- Construction of a sports hall for three secondary vocational schools in Podgorica.
Tourism sector investments:
- Ski Center Cmiljača in Bijelo Polje.
- Construction of a gondola lift from the center of Kolašin to the Kolašin 1600 Ski Resort.
- Ski lift from Lovćen to Cetinje.
- Investments in the Kolašin Ski Resort and Hajla Ski Center development.
Health sector projects:
- Construction of the University Clinical Center in Podgorica.
- Construction of a hospital in Pljevlja.
- Construction of a health center in the City Quarter, Podgorica.
- Development of a PET-CT center with a hematology clinic.
- Reconstruction of the hospital in Bijelo Polje.
Sports infrastructure investments:
- Construction of the East stand at the City Stadium in Podgorica.
- Construction of the Olympic swimming pool in Bar.
- Reconstruction and expansion of the Army House for sports accommodation in Pljevlja.
- Development of the Borovičko Lake sports and recreation complex in Pljevlja.
- Roof covering for the outdoor Olympic swimming pool in Podgorica.
These projects highlight the government’s focus on bolstering key infrastructure sectors such as transportation, health, education, and tourism to ensure long-term sustainable development across the country.
