Common Contracts
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STUDY CASE: LEASE OF COASTAL ZONE FOR UNDERSEA CABLE PROJECTJune 20th, 2016
the same year, the Parliament of Montenegro ratified this Agreement by adopting the Law that regulates this area.1 On 25 January 2011, the State of Montenegro, the Italian company “Terna” and Crnogorski Elektroprenosni Sistem AD concluded the Project Coordination Agreement,2 which will cost about €800 million, out of which over €600 million is allocated to the actual construction of the undersea cable and converter station on the Montenegrin coast, while at least €100 million is allocated to the construction of the 400kV transmission line corridor from the Montenegrin coast to Pljevlja.
