From the Media - Part 77

posted by mh on 2007/10/01 09:51

[ From the Media ]

Porto Montenegro is the name of a business project to transform the 24-hectare shipyard of Tivat (Montenegro) into what an article at SETimes refers to as "a mega-yacht marina". A Canadian industrialist has purchased a 90-year lease on the site, on which he is planning to construct "approximately 200 apartments, 300 berths and many restaurants and shops", thereby establishing Tivat as a location on the popular Venice-Corfu cruising line. The mayor is now trying to convince Tivat's 13,000 residents, most of which closely linked to the ship-building industry (the shipyard was built in 1889 when still under Austro-Hungarian rule), "that the changes will bring long-term benefits."

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