BAKU, Azerbaijan, Feb.15. Montenegro expects that the cost of construction of the Ionian Adriatic Pipeline (IAP) through its territory will be higher than 210 million euros estimated back in 2021, said the country’s Minister of Capital Investments Ervin Ibrahimović, Trend reports.
“We believe that the mentioned amount, due to the global increase in the price of construction materials, is now higher, and we expect a more precise estimate during this year, when the revision of the existing documentation is also planned (conceptual solution and georesearch works, environmental impact assessment),” the minister said speaking to CdM.
Ibrahimović noted that the IAP is expected to connect the Albanian city of Fiera and the Croatian city of Split, passing through the territory of Montenegro.
“The two-way pipeline has a total length of about 511 km, with 96 km passing through Montenegro, including 37 km laid under the sea. The total capacity of the pipeline is 5 billion cubic meters per year to supply Albania (1 billion cubic meters), Montenegro (0.5 billion cubic meters), Bosnia and Herzegovina (1 billion cubic meters) and Croatia and further reaching Central Europe (2 .5 billion cubic meters),” he added.
TAP has already signed memorandums of understanding and cooperation with the developers of this project, in particular with companies of Plinacro (Croatia), BH-Gas (Bosnia and Herzegovina), Geoplin Plinovodi (Slovenia), as well as with the governments of Montenegro and Albania.
There has been created a TAP-IAP joint working group that gathers regularly to synchronize the timing of both pipeline projects and coordinate the technical issues of interconnection.
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