Port News & Information Mediterranean, Black & Caspian Seas

Luka Kotor approves port concession contract

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Kotor, Montenegro (PortSEurope) March 14, 2019 – Montenegrin port operator Luka Kotor AD’s shareholders have given the green light to a 12-year concession contract with the Montenegrin government. The agreement was approved unanimously at the shareholders meeting of the company and includes the payment of an annual concession fee of €250,000 ($283,300).  Moreover, Luka Kotor will invest €5.053 million…

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