Independent journal on economy and transport policy
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Loan of the European Bank for Reconstruction and Development to the Montenegrin port of Bar
The financing is extended to the Port of Adria, that it is controlled by the Global Turk Holding Ports
February 26, 2018
European Bank for Reconstruction and Development (EBRD) has granted a loan of 20 million euros to the Montenegrin port of Bar, port of call that it enlivens beyond 95% of the commerce for marine way of the Balkan nation. The financing is extended to the Port of Adria, the society that manages the several terminals for goods of the port of Bar within a contract of concession of the duration 30-year-old. The Port of Adria is controlled by the Global Turk Holding Ports (GPH), that it stops 62.09% of the capital of the Montenegrin society(on 18 November 2013) and that in its turn it is participated with 5.03% from the same EBRD(on 28 September 2015).
The EBRD has remembered that, in the within of the privatization agreement, the Global Holding Ports has been engaged to put into effect is social programs is investment programs that include the restructure of docks, the purchase of harbour equipments, between which crane and other means of handling of the container, and the conversion of warehouses in order to adapt them to container storage refrigerator. Over the long term - it has specified the financial institution - the Port of Adria has the objective to make of the terminals that it manages usable destinations hub from the trucks that travel between western Europe and Turkey. Moreover, thanks to the restructure in existence of the railway connection between Belgrade and Bar, the society has the objective to increase the coming and destined flow of the goods to Serbia.
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European Bank for Reconstruction and Development (EBRD) has granted a loan of 20 million euros to the Montenegrin port of Bar, port of call that it enlivens beyond 95% of the commerce for marine way of the Balkan nation. The financing is extended to the Port of Adria, the society that manages the several terminals for goods of the port of Bar within a contract of concession of the duration 30-year-old. The Port of Adria is controlled by the Global Turk Holding Ports (GPH), that it stops 62.09% of the capital of the Montenegrin society
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
