Bijela to Become Yacht Building and Renovation Center by 2020

By , 09 Dec 2018, 23:29 PM Business
Bijela to Become Yacht Building and Renovation Center by 2020 Adriatic Shipyard Bijela
December 9, 2018 - A company that will build and renovate mega yachts in Bijela should start running in 2020, said Danilo Kalezić, Porto Montenegro PR, and added that it would employ about 300 people.
 
"We are finally working on getting together with the prestigious Dutch company Damen and the Government of Montenegro to develop a serious factory for superyachts of up to 120 meters. This is a serious project we have been working on since 2012," said Kalezić to Infobiro.
 
Representatives of the Government and the consortium of Adriatic Marinas, the company managing Porto Montenegro, and the Dutch company Damen, signed a concession agreement for the commercial use of the shipyard in Bijela at the end of November for 30 years.
 
This is a space in the fenced-off area of the ship's port with operational shore and gulls, with a total area of 108 thousand square meters. The surface under construction works is a little over 25 thousand square meters.
 
The concession contract, among other things, exceeds the EUR 20 million investments in the first three years since the start of the investment program, and in the fifth year of operating the employment should be more than 300 workers.
 
"We hope that in 2020 the factory will be put into operation. The factory will employ about 300 people," Kalezić said.
 
The Minister of Traffic and Maritime Affairs, Osman Nurkovic, said earlier that he was satisfied with the signing of the concession contract and that it was a good project for the state and the lessor.
 
He believes rental benefits will soon be seen through the valorization of the former shipyard in Bijela - construction and servicing of mega yachts and employment of many people.
 
Bankruptcy at the Adriatic Shipyard in Bijela was introduced in 2015 at the proposal of the Tax Administration, due to a debt of six million euros. Since then, over 70% of claims have been settled by selling assets, mostly large and small.
 
In September last year, the bankruptcy board approved the sale of the company's property in the concession area, a consortium of Adriatic Marinas and Damen for EUR 2.65 million.
 
This consortium was the only one to submit a bid for the concession for the commercial use of the port of Bijela.
 
Source: MINA

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