€2,62 Million from Concessions on Ports and Marinas

By , 13 Mar 2019, 11:40 AM Business

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Last year the country received an income of €2, 62 million from concessions for the use of ports and marinas, reads the information on the activities in the domain of concessions.

 According to the fees overview charges on “Port Adria” and “Ocean Montenegro”, companies from Bar amounted to €798.862 and €52.128 respectively.

Port Management granted its first concession nine years ago to “Ocean Montenegro”, a company which last year paid a fixed part of the €31.163 concession fee.

“The concessionaire is doing a good job. Current tasks are being performed duly. The company has improved the fleet by purchasing “Aran” towboat, which can be used outside the aquatorium of Montenegro”, reads the report.

 In 2013, the management granted its next concession to the “Port Adria” company for the use of the port and performing port activities, repair, financing, maintenance of container terminals and overall burden.

“Fixed concession fee of the “Port of Adria” amounted to €512.000 whereas the variable fee amounted to €286. 862″.

As far as the works are concerned, construction-reconstruction of GATA 1 coastal wall remains to be completed. The total amount of investments will be around €14 million.

In May of 2015, operations on the coast, land area and water space with accompanying anchorages were to given to the port of Kotor for 120 days. For that period, the port in Kotor didn’t pay the concession fee. At the end of last year, the Government adopted the decision on the commercial use of the port of Kotor. The contract is expected to be signed this year, and it will be a basis for creating investment conditions.

Text written by CDM on March 13, 2019, read more on CDM

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