Herceg Novi Investment Map: 15 Projects Crucial for City Development

By , 01 Nov 2019, 02:24 AM Business
Herceg Novi Investment Map: 15 Projects Crucial for City Development Copyrights: Way To Monte

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01 November 2019 - The local government of Herceg Novi has recently drawn up an Investment Map for the city, which includes several significant projects crucial to the development of the city.

Guided by the desire to overcome all the negative effects of privatization, and to change the previous orientation of economic activities in the narrow zone of the urban part of the municipality, to promote the development of its rural part, especially Luštica, the local government representatives have drawn up a map of investments. The Investment Map includes 15 projects, of which as many as 11 relate directly or indirectly to tourism development, reports Radio Jadran.

Some projects included in the Map will be built from the city’s own resources, such as a public garage and a square in front of the municipal building - worth 3 million EUR. Future investors will be offered to invest in 14 more projects, according to a presentation of the Map organized by the municipality's management.

The Investment Map of Herceg Novi includes the following projects: Bus Station Complex with Shopping Centre in Igalo, Business Centre in Igalo, Tourist Settlement Njivice Viewpoint, "Sport inn" hotel with football pitch in Igalo, Porto Bono Tourist Complex in Luštica, business and apartment type facility in Meljine, mixed-use facility in Igalo, Hotel Play-Igalo, Sports town in Sutorina, Cable car Njivički put-Ilinica, Sanitary landfill Duboki do, City bypass and Zelenika-Rose ferry, nautical tourism at the Škver and the revitalization of the narrow-gauge railway line through Herceg Novi.

The Mayor of Herceg Novi, Stevan Katić, said that the Map was prepared on the basis of valid planning documentation and the spatial plan. He highlighted that one of the most significant projects for Herceg Novi is the construction of the Igalo Bus Station.

Katić also reminded that the current priority is the completion of water and road infrastructure in Luštica, for which project documentation is being drafted, and towards the end of this year and early next year, the realization of infrastructure investments in the peninsula, worth 10 million EUR, will start.

Director of the Agency for Construction and Development of Herceg Novi Boro Lučić emphasized that all 15 investment sites were developed following the spatial plan and added that he expects that future investors will be interested in these projects.

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