Lessees of Agricultural Land Invest 9.2 Million Euro

By , 31 Oct 2018, 12:47 PM Business
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October 31, 2018 - Based on the last signed contracts for leasing the state land in Ulcinj, Briska gora, Vranovici in Kotor and Golubovci in Podgorica, a total of EUR 9.2 million will be invested and more than 40 workers will be employed, said the Ministry of Agriculture and Rural Development.

According to the data of the Commission for the Valorization of State-owned Agricultural Land, more than 300 hectares of this land will be valorized through the establishment of production and processing, including the areas in the Nikšić municipality.

The leased land will be valued in accordance with its potential, through production and processing in the fields of olive growing, viticulture, vegetable production, citrus and medicinal and aromatic plants," the ministry said. 

They add that it is the land that the government announced during the last year for the lease. "Projects will also have an impact on the new jobs and the substitution of imports as well as on the environment, through the valorization of abandoned and the land burned in fires," the ministry said. 

As part of the preparation process, as indicated in the ministry led by Milutin Simovic, the tender documentation for the valorization of the land plot in Ulcinj, which gravitates to Sasko Lake is in the process. 

In cooperation with the company “Plantaze”, through the model of a long-term lease, a long-term unused land of that company will be valorized in Podgorica, Bar, Danilovgrad, Bijelo Polje, Berane and Andrijevica with a total area of more than 5,000 hectares," the ministry said. As they point out, the growing interest in leasing agricultural land in state property is one of the indicators that agriculture in Montenegro is recognized as a chance for a lucrative business and the area in which it is increasingly investing.

"Therefore, we invite and encourage interested investors and agricultural producers to join us in this initiative and actively contribute to the further valorization of unused land resources, not only in state ownership but also in the private property, all in order to develop agriculture and the overall economy," said the Ministry.

Text by Dnevne novine, on October 31st, 2018, read more at CdM

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