DUBROVNIK COUNTY DECIDES TO ESTABLISH PREVLAKA PARK COMPANY DUBROVNIK, July 28 (Hina) - The Dubrovnik County Assembly on Monday decided with a majority vote to establish a limited liability company called Prevlaka Park.
DUBROVNIK, July 28 (Hina) - The Dubrovnik County Assembly on Monday
decided with a majority vote to establish a limited liability
company called Prevlaka Park. #L#
Prevlaka, the southernmost peninsula bordering on Montenegro, is
defined as a protected area in which no further construction is
planned. The existing facilities will be reconstructed and
converted into 300 four-star holiday apartments before next
summer.
The assembly session was attended by Tourism Minister Pave Zupan-
Ruskovic, who said that the owners of property on Prevlaka would be
reimbursed in accordance with the objective value of their
property.
The Prevlaka Park company is owned by the Republic of Croatia, which
has an equity capital of three million kuna and 51 percent of
shares, Dubrovnik County, with 24 percent of shares, and the
Municipality of Konavle, with 25 percent of shares.
About 10 million euros will be invested in the new tourist complex.
(hina) vm sb