The luxury tourist complex "Smokva bay" will begin construction in Smokvica, not far from Režević, after the Directorate for Inspection Affairs of the Ministry of Ecology, Spatial Planning and Urbanism gave the green light to the construction application to the company "VAS invest" for the construction of a five-star hotel. .
Thus, after a full 17 years and the agony they went through since the company backed by Russian-Israeli capital bought a 25-hectare land complex from the Municipality of Budva and the locals for as much as 13 million euros, the construction of one of the largest tourist resorts on the Budva Riviera begins. , whose value is estimated at 260 million euros. In the meantime, the investors, who waited for years for the planning documents to be adopted, acquired another four hectares, and two and a half years ago they started earthworks and infrastructure construction, for which they spent an additional 12 million euros.
As written in the minutes of the inspection, which "Vijesti" had access to, permission was given to carry out work on the construction of the hotel, namely lamella C, in the Smokvica location. Minister of Ecology, Spatial Planning and Urbanism Ratko Mitrović exactly one year ago, he gave the green light for the construction of "Smokva Bay" - a tourist resort with a five-star hotel with villas and outbuildings.
"Smokva bay" envisages a complex of two hotels with a residential complex of villas, which will cascade down to the sea, and the construction of a series of accompanying facilities, from recreational to commercial catering. It is the first private summer resort on our coast.
As stated in the conceptual solution, the hotels will be from the worldwide hotel chain "Accor" - namely the "Raffles" and "Fairmont" brands.
”VAS invest” is now starting the construction of the lamella C of the hotel, which is the first phase, while the remaining lamella B of the hotel would be built in the second phase.
The construction of the future resort will take place in stages, i.e. a hotel and a part of the tourist resort with villas, and a lungo mare with accompanying facilities will be built first, followed by a second hotel and the rest of the residential complex. What the project insists on is that the land occupancy would not exceed 0,2, while the built-up area would be 0,8.
The entire resort was designed as an exclusive, autonomous, functionally independent complex that represents a new modern type of tourism. The company previously concluded a 25-year lease agreement with the Public Company Morsko dobro on a part of the rocky coast, which it will turn into beaches.
17 years ago, after the approval of the local parliament, the municipality of Budva collected 62 million euros by selling 13 thousand square meters of its land to a consortium of companies in the Smokvica area. It was the largest financial injection that a local government in Montenegro had ever received by selling its property. For the Municipality of Budva, the sale of land on Smokvica enabled the stabilization of the financial situation in which it was then, regular payment of salaries to employees, and the start of investments.
However, although they expected to soon realize their ideas, the investors were soon met with big problems.
The planning document, which covers a large land complex, expires when the Municipality of Budva, i.e. its Planning Agency approaches changes to the Urban Development Project "Tourist Village Smokvica". However, that's when they start looking for investors. The Ministry of Sustainable Development and Tourism returned the planning document for revision on four occasions, because the department it was managing at the time Branimir Gvozdenović he always found the planner's mistakes and returned the Urban Project for refinement, prolonging the start of the million-dollar investment.
Only in 2017 did the planning document get the green light from the Ministry of Sustainable Development, when it was taken over by the then minister Pavle Radulović. Investors are also announcing an international competition for the appearance of the future tourist resort. The urban project was soon given the green light by the local self-government, led by the Democrats and the Democratic Front, who also agreed that a multimillion-dollar tourist complex should be built on Smokvica. In previous years, the investors built the infrastructure and also worked on the project documentation, which has now been submitted for approval.
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