Long-term lease of Tivat Airport

the Government of Montenegro will lease the Tivat Airport to an interested foreign investor in the long term, as it finds the model of crediting the reconstruction of the airport proposed by the European Bank for Reconstruction and Development (EBRD) unsuitable, Dusko Markovic, Prime Minister of Montenegro, said on Saturday, May 27.

– We have opted to try to valorize the Airports of Montenegro on the whole, and the Tivat Airport in particular, through a long-term lease model. Some credible global companies have shown serious interest. We are currently working on preparing the model with the World Bank, I believe that this will happen very quickly and that we will present a concrete proposition – Markovic said in Tivat, responding to the Vijesti question about why the agreed arrangement for the Airports of Montenegro, according to which the EBRD would provide the state company with a long-term loan of around EUR 50 million for the reconstruction of the Tivat Airport, without asking for state guarantees, had been stalled.

The Airports of Montenegro had everything prepared with the EBRD for opening a tender for planning and raising a new passenger terminal in Tivat and a tender for the preparation of the main project for the maneuvering areas and and a platform, as well as a vehicle parking lot. The tenders were waiting for the green light by the Government of Montenegro, as the Airports of Montenegro is a state company. According to unofficial information, the main reason for the Government's reluctance to enter the project was that, allegedly, one of the EBRD's conditions for approving the loan under very favorable conditions was for the Government to guarantee that the Tivat Airport would remain in state ownership for at least 10 years following the reconstruction, that is, that it would not be privatized.

– As you know, we are undergoing the process of financial consolidation and each new debt makes it harder for us to realize our strategic orientation towards macroeconomic and financial stability – the prime minister said and added that “we do not find the model suitable at the moment, but we are still discussing it”.

Vlada Crne Gore

JP Aerodromi Crne Gore Podgorica

EBRD London

The World Bank USA

Airports of Montenegro

European Bank for Reconstruction and Development

EBRD

World Bank

Tivat Airport

reconstruction of Tivat Airport

lease of Tivat Airport

Dusko Markovic