Montenegro: Ex military base to become tourist resort

Socar oil co. to turn Kumbor base into holiday destination

11 July, 15:47

(ANSAMed) - PODGORICA, JULY 11 - A Montenegro military base on the Adriatic coast is soon to be transformed into a tourist destination, local media reported today.

Podgorica authorities have leased the Kumbor military base to Azerbaijani oil company Socar for 90 years. Socar has agreed to invest 260 million euros over 8 years to transform the base, one of the former Yugoslavia's biggest, into a holiday resort, and to pay Montenegro 13 million euros up front. (ANSAMed).


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