Split City Company Granted Znjan Bay Concession for 40 Year Period

Lauren Simmonds

Updated on:

Copyright Romulic and Stojcic
Copyright Romulic and Stojcic

As Poslovni Dnevnik writes, at a session held on Thursday, the government decided to grant a forty-year concession to the Znjan trading company for the purpose of building and the subsequent commercial use of the beach in Znjan bay in Split, and the Znjan bay concession holder is now free and obliged to invest a total of 225.6 million kuna in this location, classed as maritime domain.

The total area of ​​the maritime domain that has been handed over as part of the Znjan bay concession covers 218,322 square metres (m2), and the time of the concession starts from the day of the conclusion of the concession agreement itself, for which the Minister of Maritime Affairs, Transport and Infrastructure, Oleg Butkovic, was authorised to do behalf of the Government.

Based on the Government’s notification from back on the 14th of January, three bids were received for the Znjan bay concession, with the only one of them being assessed as acceptable – that of the Znjan trading company, founded by the City of Split.

As Minister Oleg Butkovic reported, the amount of the offered sum of the permanent part of the Znjan bay concession fee is 5 kuna per m2 of occupied total area of ​​maritime property per year, 1.09 million per year kuna, with the fact that after the 10th year it will increase every five years by 0.5 kuna per m2, which for the entire period of the concession amounts to a total of 54.6 million kuna.

“We expect that putting this part of the maritime domain into some form economic function will increase the revenues of the state and local budgets, ensure additional employment of both permanent and seasonal workers and increase the quality of offer and services to both tourists and locals,” said Butkovic.

For more, make sure to check out our dedicated business section.


Subscribe to our newsletter

the fields marked with * are required
Email: *
First name:
Last name:
Gender: Male Female
Please don't insert text in the box below!

Leave a Comment