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Privatization and Investments Two Development Projects in the Port of Bar The officials in the Port of Bar are currently working on two development projects that involve putting the undeveloped port land into lease in order to build production, warehouse and infrastructure facilities. One project anticipates finding the partner for construction and development of the new liquid cargo terminal, while other refers to construction of production capacities in free zone area. Both projects, due to the crisis conditions, require financial and technical incentives and adjustments to the potential partner needs. Source: www.b92.net

Montenegro to Start Negotiations with SOCER The Privatization and Capital Projects Council instructed the Tender Committee for valorization of former military property of the locality Orijen battalion in Kumbor to start negotiations with the first-ranked bidder State Oil Company of Azerbaijan Republic – SOCAR. Just to remind, the two bids were delivered to the tender: NCH Consortium consisted of 5 legal entities: NCH New Europe Property Fund II,L.P.(NEPF II); NCH Balkan Fund,L.P.(NCH Balkan);SAPTE SPICE S.A.(SAPTE SPICE);VEL PITER S.A.(VEL PITAR) i Bay View Investments D.O.O.(BVI) and State Oil Company of Azerbaijan Republic(SOCAR). After reviewing the bids, the tender committee decided SOCER to be the first-ranked bidder. The Company offered 1€/m2 annually and variable part of 5% annual revenue. It also offered the investments in the amount of €18.86 million in first, €21.47 million in second, €17.26 million in third year and total investments of €258 million in the 8-year period. Source: www.pobjeda.me

Porto Montenego Announces Three Major New Developments Porto Montenegro, which is on course to become the largest and most advanced marina in the Mediterranean, has announced three major new developments along with the creation of two strategic partnerships: 1) The ground-breaking building of a bespoke luxury hotel along with exclusive residences, a yacht club and a comprehensive spa facility; to be constructed in partnership with Regent Hotels and Resorts‚ one of the most prestigious global luxury hospitality brands. 2) The re-development of a yacht repair and refit facility in cooperation with ASY Bijela in the Bay of Kotor; just across the bay from Porto Montenegro. 3) The doubling up of Porto Montenegro’s current port capacity from 185 to 370 berths. Inspired by Venetian aesthetics, the Regent Porto Montenegro – designed by Reardon Smith Architects and Pisano Atelier – will consist of around 80 units including hotel rooms, suites and multi-room residences, ranging from studios to penthouses with rooftop terraces and private pools. Facilities will include two swimming pools, restaurants, cafés, a library bar, a cigar lounge, and various function rooms in addition to a signature Regent spa and fitness center. During 2012 Porto Montenegro will start the construction project required to double its present marina capacity from an existing 185 to 370 berths. With more than 50 of the new berths reserved for yachts over 45 meters and with a capacity of up to 150 meters LOA, it will become one of the largest yacht ports in the Mediterranean, and will have the greatest capacity for super-yachts. Source: www.mipa.co.me

Montenegro is to be Connected to the South Stream Gas Pipeline Montenegro is to be connected to the South Stream gas pipeline, owned by the Russian energy giant, Gazprom. A representative of Gazprom said in a statement, "The parties have discussed technical opportunities to connect Montenegro to the South Stream Project, after it showed that it was interested at the end of last year. We have decided to work on a feasibility study which will allow us to build a gas pipeline that bends to Montenegro." It is estimated that the South Stream pipeline will carry up to 63 billion cubic meters of gas to Central and Southern Europe. Source: www.balkans.com

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