Montenegrin railway operator Zeljeznicki Prevoz Crne Gore (ZPCG) said the EUR 2.8 million subsidy under the 2017 state budget would be enough to cover its operating costs for only half a year. The Montenegrin government, owner of 90.79% of ZPCG, plans to pay EUR 233,000 to the company per month. ZPCG has prepared its plans on the basis of a subsidy of around 4.9 million euros. If there is no budget rebalance, the company would hardly cope with the lack of resources, the executive director of the state-controlled company, Vojislav Andrijasevic, said.
The night train to Belgrade will not be operated in 2017, which means that the revenues of ZPCG will decline significantly and even if the government rebalances the 2017 budget, it will be difficult to cover the group’s costs, he added.
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