Montenegro signs concession agreement for Port of Kotor
by CIJ News iDesk VII
2019-03-27 09:37
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.