By Jaroslaw Adamowski

The Croatian government has awarded a contract for the setting up and operating of a new marina in Tisno, on the Adriatic Sea, to a consortium led by local company Eko Nekretnine, Tisno municipality said in a statement.

The facility will be set up on the municipality’s bay area site of some 8,800sq m. The project in Tisno is expected to be worth about HRK 77.3m (US$14m). The planned berthing capacity of the new marina was not disclosed by the municipal authorities.

Eko Nekretnine and its partners have acquired the right to operate the marina for the next 30 years. The companies are required to complete the construction of the facility over the next two years, according to the statement. They will pay a fee of between HRK 380,000 (US$210,000) and HRK 440,000 (US$240,000), in addition to a portion of their annual revenue from the marina.

The marina will be part of a larger investment in the Croatian municipality, reports local newspaper Poslovni Dnevnik. Under the plan, foreign investors will build a five-star hotel, sports facilities and a wellness centre in Tisno.