31 March 2019 - Montenegrin Public Company for Coastal Zone Management has recently requested access to documentation in regards to the conditions for the reconstruction of several areas located at the coast in Herceg Novi: from Sutorina, via Topla, to parts of the swimming area near the Hospital in Meljine, near Cape Sveta Neđelja and Jošice in Bijela.
As reported by TVCG, the estimated value of these investments is close to three million euros. Precise investments and their full amount will be publicly announced after the creation of all documentation for each site individually.
At this stage, the estimates are based on urban planning conditions and investment proposals for development projects, according to the representatives of the Coastal Zone Management Company.
According to assessments of the Coastal Zone Management Company, the reconstruction of the beach Njivice will require 80.000 EUR, the reconstruction of the beach area near the restaurant Mimoza (next to the beach Rafaelo) will cost about 900.000 EUR, the reconstruction works at beach Roki sport will require 220.000 EUR, Ćorović beach renovations will cost 650.000 EUR, beach at Savina 150.000 EUR, the reconstruction of the beach in front of hotel Delfin in Bijela needs 450.000 EUR, while the renovation process at the beach Igrač više in Bijela will cost about 120.000 EUR. Investment funds in regards to the reconstruction of several smaller beaches on the Riviera were estimated at 390 thousand EUR.
As reported by TVCG, Public Company for Coastal Zone Management will conduct administrative procedures for obtaining approval from the Government for tendering, and the enterprise will produce individual investment programs for each beach and perform monitoring and cooperation with investors, in the stage of obtaining a construction permit and at the stage of realization.
"The aim of these activities of the Public Enterprise for Coastal Zone Management is to provide full legality in the process of realization of development projects as well as to provide expert assistance to the investors-beneficiaries of the coastal area. In terms of the number of funds invested, the investors have a long-term period for the use of newly built beaches, ranging from 15 to 30 years ", they point out from this Public Company.
The price of the location for investment projects will be determined on the tender, and based on "historical prices achieved in the previous period", the representatives of the Coastal Zone Management Enterprise explained.
