Loan agreement for financing the second stage of Porto Montenegro was signed yesterday by the Universal Capital Bank general manager Djordje Djurdjic and Adriatic Marinas legal sector manager Savo Djurovic.
The agreement is worth €37m, and relates to financing the construction of the second stage of the Regent hotel, which should be completed by the end of 2019, Djurdjic said.
This stage includes two facilities with suites, to be included in the Regent hotel’s condo offer.
“We in Universal Capital Bank are pleased to support such an important project for Montenegro,” Djurdjic said, emphasising that Porto Montenegro has significantly changed Montenegro, particularly since ICD entered the company’s ownership structure.
