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2019-03-27  09:37

CIJ Serbia

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Montenegro signs concession agreement for Port of Kotor

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Luka Kotor signed a concession agreement with Montenegro’s transport ministry to operate the Port of Kotor for a period of 12 years. Under the agreement, the company will invest €5m in infrastructure and the further development of the harbor to support the latest generation of cruise ships that navigate through the bay. Luka Kotor will also pay an annual concession fee €250,000.

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