News

Croatian Prime Minister Zoran Milanovic on Monday visited a tourism complex in Kupari near Dubrovnik which used to be a seaside resort for the army, saying afterwards that by the end of this spring the government would select the best bidder who would be given a 99-year-long concession to renovate and operate the tourist complex and who would be expected to invest several hundred million euros in this project and create 300 jobs. In mid-January the government decided to issue a public call for expression of interest in construction and renovation work on this tourism complex. The call was non-binding, while binding offers are to be invited after the updating of the land register. An investor is expected to be selected in the first quarter of the year. The plan is to rebuild the existing complex of five hotels devastated during the 1991-1995 war and build new ones with a concession to be granted for 99 years. The hotels would have a total accommodation capacity of not more than 1,500 beds, and the project is estimated at 200 million euros.