Croatia publishes invitation for letters of interest in Muzil complex

The State Property Management Office (DUUDI) on Friday published an invitation to potential investors to express interest in the Muzil development project, named after an island off Pula, the deadline for the expression of interest being December 6.

The invitation was published in line with a government decision made this October. The project envisages the construction of tourist accommodation facilities with 2,270 beds, a beach complex, an 18-hole golf course, a marina with 380 berths, a cultural and congress centre and residential units.

The value of the project's tourism segment alone is estimated at 150-200 million euros. The investor is expected to be selected the same way it was selected for the Kupari tourism complex.

The Public Call for Expression of Interest for Implementation of the Project MUZIL peninsula states that the project will be implemented in such a way to grant a 99-year concession to carry out construction or renovation work on land units designated for that purpose, a 99-year right of usufruct on land units not designated for that purpose, and publish a public tender to award a licence to use the complex's coastal stretch.

The Muzil peninsula is the site of a former Yugoslav military recruitment centre in Pula. The centre spreads over some 170 hectares of land in the westernmost part of the Bay of Pula and constitutes the central part of the Pula riviera. The entire area consists of a large number of land units owned by the state and the City of Pula.

Letters of interest may be submitted by domestic and foreign legal and physical persons and they may request documentation related to the properties at Muzil via e-mail. When collecting the documentation, they must provide proof of the payment of a HRK 15,000 fee.

Last update: Sat, 07/11/2015 - 18:14

More from Business

Management buyout of Djuro Djakovic Montaza from Bilfinger under way

The management of "Bilfinger Djuro Djakovic Montaza" company specialised in steel construction including the...

German energy firms entitled to damages for nuclear shutdown policy

German energy companies are entitled to "appropriate" compensation for the government's 2011 decision to rush ahead...

Amazon tests checkout-free food store

Online retail giant Amazon is testing a new type of physical store in the US that promises no lines or checkouts,...

BMW to repay record 72 million dollars to Australian car buyers

BMW will have to pay back 72 million Australian dollars (53.8 million US dollars) to car buyers in Australia who...

Eurogroup finance ministers agree to debt relief for Greece

Finance ministers from the countries that use the euro agreed Monday in Brussels to a series of relief measures for...