The transportation of dangerous goods (DG) presents significant risks due to their hazardous chemical properties, which, in the event of an accident, can have detrimental effects on the environment, public health, and infrastructure. Although the transport of such materials is generally prohibited, the growing demand for DG transportation over long distances necessitates compliance with stringent international regulations (e.g., ADR, RID). In urban areas, where transport routes may intersect with residential zones, incidents involving DG can lead to severe consequences, including fatalities, environmental damage, evacuation of local populations, and disruptions to traffic. To mitigate these risks, effective risk management is essential, encompassing analysis, assessment, and reduction strategies. Risk assessment for DG transport can be conducted using various quantitative and qualitative methods, with this study employing the Areal Locations of Hazardous Atmospheres (ALOHA) software and Geographic Information System (GIS) tools for both risk evaluation and visualization. The study area is located in the capital of Montenegro, specifically within the Stari Aerodrom District. This research focuses on evaluating the potential impact of DG transport incidents in this area and the consequences of hazardous material releases in confined spaces. Three specific DGs—benzene, chlorine, and methane—are considered, each presenting distinct environmental, health, and property-related risks. Chlorine is selected as the worst-case scenario, with its impact radius extending approximately 10 km from the release point. The primary objective of this study is to provide a comprehensive assessment of the risks associated with DG transportation, highlighting the importance of safety improvements and effective emergency response strategies. The findings underscore the need for enhanced safety measures during transport and the development of more robust emergency management frameworks for DG-related incidents.