Monitor this situation.

Unsubscribe anytime.

[SITUATION] · [QUIET] · [POLITICS]

3 clusters · 4 sources · 17 days · First seen about 1 month ago · Last updated 19 days ago

Montenegro Velje Brdo housing project

Overview

The Montenegrin government has kept its guarantee that apartments in the Velje Brdo residential development will be sold at €1,000 per square metre, with construction slated to start in December. The first phase will comprise six buildings and 185 apartments, while the broader scheme includes a new 5.3‑km boulevard and the larger Block A1, which will contain roughly 557 units, underground garages and utilities.

In early August, the Ministry of Public Works formally awarded the €33 million boulevard contract to Eurozox and selected the IGP Fidija consortium to design and execute Block A1 under a €40.1 million contract. The combined tender package totals about €73.1 million, with a 540‑day deadline for the boulevard and a requirement for at least ten qualified engineers.

Later that week, data released by the ministry showed that the actual construction cost per square metre has risen to over €2,800—significantly above the €1,000 sale price and the Podgorica average. Civic Movement URA deputy president Ana Novaković Đurović criticised the project as the most expensive housing in the country, arguing that the published price omits full infrastructure expenses and that the state would effectively subsidise more than €1,800 per metre. The criticism comes amid concerns about budget pressures from pension and wage obligations.

Entities

Velje Brdo housing project · Ministry of Public Works (Montenegro) · Ana Novaković Đurović · Block A1 residential complex · Civic Movement URA

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Eurozox was selected as the contractor for the Velje Brdo boulevard construction.
[● 3 SOURCES] The IGP Fidija consortium was chosen to design the Main Project of Block A1 and execute its first phase.
[● 3 SOURCES] Block A1 will contain about 557 apartments; the first phase includes six buildings with about 185 apartments and two underground garages with 384 parking spaces.
[● 3 SOURCES] More than 30 companies participated in the two procurement procedures.
[● 2 SOURCES] The Velje Brdo boulevard is 5.3 kilometres long and must be completed within 540 days from contract award.
[● 2 SOURCES] The procurement for the Velje Brdo boulevard was valued at €33 million; the procurement for Block A1 was valued at €40.1 million.
[○ 1 SOURCE] The combined value of the two tenders is €73.1 million.
[○ 1 SOURCE] The deadline for filing an appeal against the procurement decision is ten days from its publication.

Timeline

19 days ago

[POLITICS] 2 sources
Montenegro's Velje Brdo housing project faces cost criticism
Montenegro's Ministry of Public Works reports Velje Brdo housing costs over €2,800 per sqm, €900 above Podgorica averages. URA deputy Ana Novaković Đurović criticises the expense, citing cheaper models and a €1
24 days ago

[BUSINESS] 4 sources
Eurozox wins Velje Brdo boulevard contract, IGP Fidija to design Block A1 in Montenegro
Montenegro’s Ministry of Public Works awarded Eurozox the €33 million Velje Brdo boulevard contract and IGP Fidija the €40.1 million Block A1 design and first‑phase works, totaling €73.1 million, with a 540‑day
about 1 month ago

[POLITICS] 2 sources
Montenegro to build Velje Brdo housing at €1,000 per sqm
Montenegro will keep the €1,000 per sqm price for the Velje Brdo housing complex, with the first six buildings and 185 apartments slated to start construction in December, and illegal structures must be cadastr

Sources

aktuelno.me · bizniscg.me · dan.co.me · investitor.me

This summary has been updated 1 time: see revision history