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12 July 2020 The on-line newspaper devoted to the world of transports 21:04 GMT+2

March 27, 2019

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Government of the Montenegro and Luka Kotor has signed the contract of concession of the port of Kotor

It has a validity 12-year-old and it previews investments for beyond five million euro

Monday the minister of the Transports and the marine activities of the Montenegro, Osman Nurkovic, and the president of Luka Kotor, Branko Ivanovic, the contract of concession for the management of the commercial port of Kotor, agreement has undersigned that has a validity 12-year-old and previews investments in infrastructures and superstructures for a total of beyond five million euro in the arc of the entire contract let alone the deposit of a annual canon pairs to 250 thousand euros.

Luka Kotor is a society controlled from the government of Podgorica and participated from the municipal administration of Kotor that up to now has managed the port of the Montenegrin city without such activity were regulated by a contractual agreement. "Signing a concession contract - it has emphasized Ivanovic - the door of the city is in the hands of the municipality of Kotor and the Montenegrin State. Luka Kotor is a good example of as a society of state property can carry out own activities with success". "Controlling the port of Kotor - it has added - we are trusting to safeguard the status of the region of Kotor under protection of the Unesco".

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