Tivat – Montenegrin company owned by Canadian businessman Peter Munk, firm “Adriatic Marinas” in Tivat, until the end of the month will take over the ownership over the property of Tivat’s Arsenal and will immediately begin the preparation of that location for the construction of an exclusive navigation – tourist center and a marina for mega yachts called “Porto Montenegro”. The construction of the first phase of “Porto Montenegro” will begin in January next year and it will be terminated until the beginning of the summer 2009 – it was said to Montenegrin press by the representatives of “Adriatic Marinas” during their study tour of exclusive navigation centers and marinas in Italy and France.
The representatives of several Montenegrin media last weekend visited marinas in the renowned Italian summer resort Portofino and in the nearby Santa Margarita, as well as marinas in Nice, Antibes, and Cannes on French Azure coast.
On that occasion the heads of “Adriatic Marinas” and their partners in carrying out of the project “Porto Montenegro” – renowned project bureau “Brisbin, Brook & Benyon Architects” and the most eminent world company, which deals with all aspects of yacht business “Camper & Nicholson” have presented all positive aspects of the mentioned marinas which they will apply and additionally improve in the future navigation center in Tivat, but they have also mentioned some weaknesses of Italian and French solutions which will be avoided during the construction of “Porto Montenegro”.
– We have with us in this project the bets architects in navigation industry and the most influential person in the world when we are talking about the yacht business, the president of the company “Camper & Nicholson”, George Nicholson. With them, and with the vision and business spirit of Peter Munk and the cooperation of the Montenegrin Government, we will turn Tivat into the world most famous destination for navigation tourists, and we will turn “Porto Montenegro” into the number one center in the Mediterranean – said the executive director of “Adriatic Marinas” Oliver Korlet.
He added that the first phase of “Porto Montenegro” which among other things means the construction of a marina with 200 binding places for yachts, two hotels, three squares, and a range of exclusive accommodation – service capacities of high class in the place of the current shipbuilding yard in Tivat, will be terminated in May 2009. The entire project “Porto Montenegro” about 600 millions of euros worth, which makes the biggest foreign investment in Montenegro, will be finished in four years when in Tivat there will be literally a small new town with all tourist, hotelier and restaurant and service contents of super luxurious class and a marina with more than 800 binding places.
Of that number 200 binding places will be for mega yachts that is for ships longer than 50 meters, 450 binding places will be for the ships of up to 50 meters of length and the rest will be used for smaller vessels intended for recreation and sport.
Porto Montenegro will have six binding places for the reception of biggest and most luxurious yachts in the world which are more than 100 meters long.
– Even though Porto Montenegro will be a big marina, we will construct it in such a way that it will preserve the charm, intimacy and the character of the small Mediterranean coastal areas such as Portofino. We will keep the interaction of that complex with the surrounding and we will preserve everything that represents the historical, ambience and natural value of this part of Tivat in order for the guests who will be coming to “Porto Montenegro” to feel that that is the location and the project with the character – said the main architect of “Porto Montenegro” Brian Brisbine.
He added that in the construction of new buildings they will use Mediterranean style, and a part of the materials and pieces from the existing buildings in Arsenal “in order for us to get the adequate texture which reflects the time epochs”.
– From January this year there are 777 mega yachts, which are being built, which is the increase of 2,2 times in the last ten years. From the ships which at the moment are being built, 154 of them are longer than 50 meters. Yachts recently have started to grow with an amazingly fast tempo which has taken by surprise many marinas and repair shipbuilding yards because with their capacities they cannot adequately respond to the exquisite demand and needs of more and more bigger luxurious yachts – pointed out George Nicholson. He added that Porto Montenegro will surpass all three, at the moment most frequent problems in navigation business world – limit of number and capacity of binding places, lack of adequate repair capacities and inadequate tax policy in the area of yacht business.
– Mega yachts usually spend 10 to 15% of their beginning value on bigger repairs every four years, which on the example of a ship which is worth 10 millions of euros means that a more inclusive repair costs from one to one and a half millions of euros. Year expenses of maintenance and usage of mega yacht are 6 to 8% of its value, so we are talking about huge amounts of money. About 40% of those year expenses are salaries of the crew, and the major part of the remaining 60% of the expenses are spent in the mother harbor of the mega yacht for supply, smaller repairs, services and similar. Therefore our goals is to bring to Porto Montenegro a great number of those, very expensive and exclusive yachts which are now based in Italy or in France because everyone has benefits from that, not just the operator of the marina but also the entire chain of businessman of all possible profiles in the surrounding – explains Nicholson adding that when Porto Montenegro is done entirely in Tivat during the whole year there will be about 1.200 crew members staying permanently on the ships and 6.000 of them in housing facilities on land.
THOUSANDS OF NEW WORKING PLACES
When Porto Montenegro is entirely finished its owners and planners are expecting that with their business, they will directly contribute the national gross product of Montenegro with about 80 millions of euros per year, plus the effect which for the national income means another 6.000 new direct and working places in connected activities which will be opened in the new navigation center in Tivat.
– The year income of the budget of Montenegro from Porto Montenegro will be from 17, 6 to 22, 1 millions of euros, and you should add on that huge amount which on behalf of local taxes budget of the Municipality of Tivat will have – pointed out director of “Adriatic Marinas” Oliver Korlet.
MUNK IS INTERESTED FOR SHIPBUILDING YARD IN BIJELA TOO
Pointing out that for the success of Porto Montenegro the existence of adequate repair capacities nearby is very important Korlet said that he thinks that “that the Government of Montenegro understands that and that they are working with them on finding out a proper solution”.
– I think that the solving of that problem will go in direction of Bijela. When the Government decided what to do with that shipbuilding yard we will have an attitude towards that what is best for us to do, concerning the issue of repair and maintenance of yachts – said Korlet adding that the company of Peter Munk is very interested for the Adriatic shipbuilding yard and its turning into one of the leading repair centers for yachts in the Mediterranean.