The obligation of the Municipality of Tivat to accept the investments of Adriatic Marinas in preparation for utility equipment, as well as the equipment itself, has been regulated by the Law on Planning and Construction of Facilities, and it is in agreement with the Purchase Agreement of the Remedial Institution "Sava Kovačević" signed by the Government of Montenegro and Adriatic Marinas. Investments are determined by the findings of the authorized expert witness and on the basis of valid documentation.
The contract signing is a logical sequence of moves after adopting the findings of the Joint Working Group on the settlement of obligations based on the utility fees and findings of independent experts and adopting the Municipal Assembly.
Previously, the Municipal Assembly of Tivat, on January 17th, 2018, adopted the Decision on approval of the Proposal of the Agreement on the methods for the fulfilling part of their mutual obligations on the basis of compensation for the utility equipment of the construction land between the Tivat Municipality and Adriatic Marinas d.o.o. For the utilities, the Tivat Municipality charged Adriatic Marinas 7.646,018.20 euros for eight years.
Porto Montenegro
The company Adriatic Marinas, which is implementing the Porto Montenegro project, has invested 550 million euros in its net worth so far, and has announced another 100 million in investments in the upcoming period. The project is hiring, directly or indirectly, between 800 and 1,200 employees. Plans for the development of Porto Montenegro in the next decade opens numerous opportunities for cooperation with the Municipality of Tivat to improve the area of education, culture, sport, and the health system, and create conditions for Tivat to become a prestigious and desirable nautical and tourist destination throughout the year. With this project, Tivat is the only town in the world that has a five-star Platinum marina, said the cabinet of the president of the Tivat Municipality, Siniša Kusovac.
Text by Boka news, on September 20th, 2018, read more at Boka news
