Bar, Montenegro (PortSEurope) November 16, 2017 – The European Bank for Reconstruction and Development (EBRD) is to loan €20 million ($23.55 million) to JSC Port of Adria (formerly Container Terminal and General Cargo) which operates terminals in the port of Bar.
The project aims to support privatisation commitments, in particular with regard to its investment and social programmes. It facilitates investments in port infrastructure by the private sector in line with best European industry norms in terms of regulation, operational practice and service provision, allowing the company to operate on a transparent and commercially viable basis.
Turkish port operator Global Ports Holding controls a 64% stake in JSC Port of Adria, which holds a 30-year concession right to operate the container and general cargo terminals of the port of Bar.
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