The capital received a positive opinion for the construction of the Lokanda hotel

The capital city of Cetinje has been working intensively for two years on the preparation of this important capital project, which is related to the construction and renovation of the Lokanda hotel with the ground-floor decoration of the Artist's Square (Student Square) and the construction of an underground garage with two floors.

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Photo: Capital Cetinje
Photo: Capital Cetinje
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The Investment Agency of Montenegro has submitted a positive opinion to the Capital City of Cetinje for the public-private partnership project related to the construction or renovation of the protected cultural property - Hotel Lokanda.

Thus, Prijestonica became the first local self-government in Montenegro to implement a project based on the public-private partnership model.

The Agency's explanation states, among other things, that the public-private partnership project was proposed in accordance with state and local goals and that the project proposal was prepared in accordance with Article 2 of the Law on Public-Private Partnerships and in accordance with the Rulebook on the form of analysis of public-private partnerships private partnership.

The capital city of Cetinje has been working intensively for two years on the preparation of this important capital project, which is related to the construction or renovation of the Lokanda hotel with the ground-floor decoration of the Artist's Square (Student Square) and the construction of an underground garage with two floors.

The preparation of the Public-Private Partnership Justification Analysis and the draft of the PPP contract have been completed, and in accordance with the Strategic Development Plan of the Capital of Cetinje and the Development Program of the Capital of Cetinje, the start of the implementation of the project for the construction or renovation of the Lokanda Hotel with the ground floor layout of the Artists' Square (Student Square) is planned for this year. by building an underground garage with two floors.

Also in the budget of Montenegro for this year, funds are planned for the beginning of the realization of this project.

At the same time, work is being done on the preparation of the tender documentation and it is expected that the public procurement will be announced by May at the latest - an open tender procedure for the selection of a private partner and the award of a public-private partnership contract.

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