Tender on Ada Bojana announced
27.03.2009
The Government of Montenegro adopted today tender documentation for the long-term lease of the Ada Bojana island for a 90-year period, foreseeing a minimum investment of EUR 200 million.
Predrag Nenezic, Minister of Tourism and Environmental Protection, said the tender will remain open until 1st September 2009, and thereafter followed by a selection procedure of a prospective investor by the Government.
Development of mainly hotel facilities with the capacity of no more than 2,500 beds is planned for Ada Bojana, according to Nenezic,.
“There will be no housing units, apart from a possible small number of residential buildings,” Nenezic said after the cabinet meeting.
He added that the Government had defined very strict criteria for the selection of investors.
“Prospective bidders must have a turnover of no less than EUR 400 million over the last several years, and at least EUR 1 billion worth of previously realised investments,” Nenezic said.
<<< back to all Montenegrin news >>>