Montenegro’s Chinese Road - podcast episode cover

Montenegro’s Chinese Road

Jan 13, 202229 min
--:--
--:--
Download Metacast podcast app
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more

Episode description

It’s been called the priciest piece of tarmac in the world. In 2014 the government of Montenegro signed a contract with a state-owned Chinese company to build part of a 170 kilometre-long highway – a road that would connect its main port with the Serbian border to the north. The price-tag on the first 42 kilometres of asphalt was a staggering $1 billion - most of which has been borrowed from a Chinese bank. In Montenegro, questions continue to be asked about why the project went ahead when some experts said that it was not viable. The River Tara – a UNESCO protected site – has been impacted by the building works, and allegations of corruption and kickbacks have hung around like a bad smell. Meanwhile, the economy has taken a massive hit as a result of the pandemic, and some Montenegrins worry about the country's ability to repay the loan. Worse still, a clause in the road contract states that Montenegro may relinquish sovereignty over unspecified parts of its territory if there is a default. But is everything as it seems? Crossing Continents investigates.

Presenter: Linda Pressly Producer: Mike Gallagher Editor: Bridget Harney

For the best experience, listen in Metacast app for iOS or Android