Montenegro has started the construction of the recreation center

Published on : Saturday, March 8, 2014

tripadvisor (2)On the construction of the recreation center and the capital of Montenegro has started implementation of the project.

APA reports quoting “Reuters” news agency reports that the project, which is located in Montenegro naval base Kumbor demolished, and a recreation center to be established in the sea.

Total cost of the project amounted to 500 million euros, the State Oil Company of Azerbaijan (SOCAR) and “Azmont Investments” is involved. The project will be completed by 2016. During the execution of the project in 6500, 1,200 people will be permanently employed.

Montenegrin Prime Minister Milo Djukanovic Commenting on the project, said that the project is of great importance for his country.

It should be noted that in July 2012 between SOCAR and Montenegro Kumbor “Orijen Battalion” barracks long-term lease agreement. Agreement in Podgorica, capital of Montenegro, on behalf of the company, “Ata” a member of the Supervisory Board of JSC Kurbanov Predrag Sekulic, and it was signed by the Minister of Sustainable Development and Tourism.

Tourist resort into a contract concluded for a period of 90 years implies barracks. Under the terms of the agreement, a lease for the first 4 years of 52 million development of the resort. euro 258 million in the first 8 years. obliged to invest in euro. Paid in advance for a 45-year lease. 1 square meter of land rents. 1 euro per meter is calculated as 5% of revenue. The final investment plan for development of the resort will be approved after the adoption of the document on the study area.

At that time, the President of SOCAR said in a statement that the company’s bid to join the company’s plans for Montenegro tourism project and aims at providing support to the tourist companies. According to him, if they want to participate in the tender for the project in some tourism companies, facilities did not meet the tender requirements:


“Therefore, as the driving force of the economy of the State Oil Company of Azerbaijan’s largest companies, as well as carrying out projects at the international level and in Europe as the company is known for tourism In order to support companies participated in the tender. ”

He noted that the company is going to invest in this project, and you do not have such plans: “The goal is to provide organizational and legal support to tourism companies in Azerbaijan. Azerbaijani tourism companies will have to deal with project management. SOCAR has no plans to engage in hotel business. ”


Source:- Azerbaijan travel

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