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 Sekretarijat za razvojne projekte


Secretariat for Development Projects

           Sekretarijat za razvojne projekte

Secretariat for Development Projects

Sekretarijat za razvojne projekte






Published date: 04.12.2014 12:09 | Author: Sekretarijat za razvojne projekte

Ispis Print

Lease and Development Agreement relating to The Luštica Development, Municipality of Tivat signed between the Government of Montenegro, Municipality of Tivat and Lustica Development AD Tivat, entered into force in October 11th 2013.


Project type: mixed use resort including:

  • 8 hotels;
  • golf course with 18 wholes;
  • 1.250 residential units (including villas and apartments)
  • jetty, gat and moorings;
  • Thalasso conference centre;
  • shopping malls;
  • hospitality objects;
  • educational centre;
  • clinic and
  • casino.

Minimum investment commitments: €150.000.000 (I phase including construction of the hotel, minimum category 4*, golf course, city center and mooring)

Deadline for the implementation of the Minimum investment commitments for I phase: 2017

Estimated investment value for 3 phases is €

Deadline for implementation of the project: 12 years in 3 phases, divided in the 4 years cycles.