Home » Latest » More Privatisation As Government Approves Motorway Concession

More Privatisation As Government Approves Motorway Concession

The Croatian government rubber stamped on Thursday the recommendation from the consultants charged with advising the government in the Croatian Motorway Concession process, which will see Croatia lease out the operation of its motorways for 50 years, earning them around 3 billion euros.

Banking giants Erste Group from Vienna, together with Deloitte and Wolf Theiss Rechtsanwalte from Zagreb were given the consultancy job last year and recommended the longer concession period as they say it is the only way to attract potential investors.

An international tender for the concession will be announced shortly, which will last between 12 and 14 months. The motorway concession will include 1024 kilometres of motorway including; Bregana – Zagreb – Lipovac, Zagreb – Split – Ravca, Zagreb – Rijeka, and Zagreb – Gorican.

“Not one kuna or euro will be spent on current costs, but will be used to reduce public debt,” promised Transport Minister Sinisa Hajdas Doncic, who echoed Finance Minister Slavko Linic’s statement saying that Croatia needed to privatize its motorways as debt has gotten out of control.

Share on:
0 / 5 (0 votes)

Sign up to receive the Croatia Week Newsletter

Related Posts

Croatia Road Trip: From North to South

Our journey starts at the top of the coast in the northwest of Istria, the biggest Croatian peninsula. After visiting spots in Istria we will present you with some of the most beautiful spots along the 600 km long road which runs just a few meters parallel to the Adriatic sea. Locals call it the...

[PHOTOS] Ethno Park Opens in Zagreb

Located on 40,000 m2 of land just 11 km from the centre of the Croatian capital Zagreb in Mala Mlaka, Etno Park Zagreb is open for visitors. An impressive 105-year-old typical house, or čardak as they are known, from Turopolje greets visitors at the entrance. Dubbed the “Collection of memories”, it is full of unique...

[PHOTOS] First Theme Park in Croatia Opening on 15 July

The first theme park built-in Croatia will open its doors to the public next month, daily Vecernji list reports. Fun Park Mirnovec, which is located 2 km south of the Dalmatian town of Biograd na Moru, will open on 15 July and will operate with reduced capacity in the first five days. “We are planning...

The 10 Tallest Buildings in Croatia

Croatia is not renowned for its skyscrapers or monstrously high buildings. Most of the country’s tallest buildings are found in the capital, in fact, 8 out of the top 10 tallest are in Zagreb. Here are the 10 tallest buildings in Croatia: 10. Panorama Hotel Zagreb Panorama Hotel Zagreb is the 10th tallest building in...

Twin Croatian Fashion Sisters in the US Unite for a Great Cause

After learning about a dear friend’s cancer diagnosis, Croatian-born fashion designer Marija Curic, and her twin sister Ivana Curic, founder of Curic&Curic LLC Eco-Friendly Fashion Label, decided to unite and donate their designs and time to Matthew Shane Cameron, who suffers from Stage IV Lung cancer (non-smoker kind). Every shirt is hand painted by Marija...