Negotiations on Long-term Lease of Military Resort Mediteran in Žabljak Will Continue

By , 13 Sep 2018, 01:07 AM Business
Negotiations on Long-term Lease of Military Resort Mediteran in Žabljak Will Continue Copyrights: Government of Montenegro

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12 September 2018 - At today’s session, chaired by President of the Council and Prime Minister Duško Marković, Montenegro’s Council for Privatisation and Capital Projects discussed the Report on the results of the negotiations on the international public tender for the long-term lease of the Military Resort Mediteran in Žabljak and instructed the Tender Commission to resume negotiations.

The tender for the tourist valorisation of the site of the former military-tourism resort Mediteran in Žabljak was announced on December 5, 2013, but the deadlines for submission of tenders were prolonged several times due to the lack of significant interest of the investors.

At the public call announced on September 13, 2017, a consortium consisting of "CG SKI doo" Žabljak and "Baltic International Trading" from Tallinn, Estonia submitted a bid for the long-term lease of 30 years and the construction of a five-star hotel resort, with the total investment worth EUR 5,4 million.

MilResortZabljak1

The Council considered the Request of the HG company Budvanska rivijera AD - Budva for granting approval to Annex No. 2 on Joint Investment Agreement (joint construction) concluded with the company "Euromix trade" - Budva, submitted by the Ministry of Sustainable Development and Tourism.

The Council approved the Annex amending the provisions of the Contract related to the completion of works on the object "A" of the Hotel Complex "Crystal Riviera", while the deadline for the completion of the works is postponed to 25 December 2018.

The recent meeting discussed the Report on the results of the negotiations for the selection of legal and financial adviser to the Tender Commission for the Valorisation of Tourist Sites in accordance with the criteria of the invitation tender for the selection of legal and financial adviser, the Decision on the selection of the legal and financial adviser to the Tender Commission and the Proposal of the Agreement on provision of services of legal and financial adviser to the Tender Commission.

The Council approved the Agreement on the provision of services of the legal and financial adviser to the Tender Commission and authorised Chairman of the Tender Commission for the Valorisation of Tourist Sites Pavle Radulović to sign Contract on the provision of services of legal and financial adviser to the Tender Commission for Valorisation of Tourist Sites on behalf of the Council with the company "Deloitte doo", Belgrade, Republic of Serbia.

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