Podgorica – Company PM Securities that wants to buy shipyard Arsenal at Tivat will increase minimal investment from 50 to 106 millions of EUR, it is agreed yesterday at meeting of negotiating teams of Canadian multi billionaire Peter Mank and Montenegrin government, municipality of Tivat and Fund for reform of army.
That company that was the only bidder at tender for sale of Arsenal, first offered investments of 50 to 175 millions of EUR.
Total Mank’s investment in Boka Kotorska would reach a half billion EUR and apart building of modern marina, project that for Canadian made British consultants reaches and solves ecological problems in the bay, building of hotel complex, golf course, medical institution, galleries, boutiques, museum.
Source of “Vijesti” confirmed that Montenegrin part succeeded to, apart increase of investment in Arsenal in first four years after purchase shortens term for total investment of a half of billion of EUR for two years to six years. There is also possibility that this amount would not be final.
In mutual announcement of negotiating teams of Tender commission and PM Securities after meeting at Podgorica, fourth in row, it is stated that general agreement is made considering main points. Company of Canadian billionaire, as was stated in announcement, obliged that will “fully finance social program according requirements of the Government”.
Peter Mank, as found out “Vijesti”, required that marina he intents to build at Tivat, become free trading zone for so it would have comparative advantages in respect to other in Mediterranean.
– PM Securities does not ask exclusivity for it but for standards of Montenegro to be aligned with world practice, as Montenegro reach competitive advantage in respect of other European destination of nautical tourism as Malta, Spain, Gibraltar, Sardinia… – states in announcement after meeting of two negotiating teams.
Free trading zone is custom region with special offer aiming to attract investors. In free trading zones will exist special regulations in custom, tax and foreign trade regime as in means of payment, credits and employment. With founding of zones must agree government and condition is that this move be economic reliable or that can be really expected that with them will be achieved important effects concerning export, employment, transfer of modern technology, industrial restructuring.