PV International 0137

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Privredni vjesnik Year IV No 0137

MEGA PROJECTS TO DIRECT FOREIGN INVESTMENT

HE Ombla, Zagreb the government spr Germans as the most frequent camp visitors During the first 11 months of 2010 Croatian camp-sites recorded a total of 2.1 million visits and 14.1 million overnight stays, which is at the level of 2009. German visitor’s registered 4.5 million overnight stays, up 1.42%, which is also the highest number compared with all visitors. The Croatian Camping Association (KUH) stated that according to the German Automobile Club (ADAC), Croatian regions upgraded their quality. Furthermore, Dubrovnik can be found on the cover of ADAC’s camping catalogue, additionally contributing to the promotion of Croatian tourism. New orders for NCP after successful delivery The overhaul shipyard in Šibenik NCP has signed a contract for the construction of two new catamarans for the Norwegian Nordic Aqua Boats AS, which marks the beginning of the series production of these vessels in the Šibenik shipyard. During the next five years, NCP plans to build up to 15 ships for Nordic Aqua Boats AS, a brokerage company specialising in the construction, purchase and sale of ships for clients, including fishing clusters from Norway, Scotland and Ireland. Sirela products received kosher certificate The Croatian Jewish community Bet Izrael has issued their kosher certificate to Sirela from Bjelovar, the biggest producer of butter, fresh, semi-hard and hard cheeses in Croatia. According to Sirela, they are the largest Croatian producer of all types of cheeses and butter, whose production corresponds to strict kosher rules and production standards. Furthermore, Sirela was awarded an EU export number in 2010, which enables them to market all their products in EU markets.

These are projects for which the necessary documentation is virtually complete with fina Igor Vukić he construction of the underground hydro power plant Ombla and substations near Dubrovnik, the concession for Zagreb Airport, the renovation of Luka Rijeka, water supply projects and the construction of Janaf terminals are some of the biggest projects which mark the government investment offensive in the first quarter. These are projects for which the necessary documentation is virtually complete, and financing partially secured within the framework of investment programmes of public companies. Prime Minister, Jadranka Kosor, who recently presented the investment plan for the first quarter, stated that in addition to big infrastructural activities, a series of smaller proposals have also

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Around €0.14 billion would be invested in the renovation of Luka Rijeka, and the government is looking for a large foreign investor for this enterprise been prepared. They should activate entrepreneurs and oppose the growing unemployment trend at both regional and local levels. Big projects Furthermore, the 28 kms long railway Križevci-Koprivnica is scheduled for renovation. This has a value of €27.12 million and the renovation should finish in 2012. Modernisation of the Vrulja quay in the port of Šibenik is also pointed out as one of so far less mentioned projects. Contracts for this €13.70 million work will be signed by the end of March. A

similar procedure is expected for the next phase in the construction of the port in Gruž, worth €11.64 million. However, the most significant economic effects are expected from several megaprojects. One of such projects is the construction of storage facilities for the Janaf complex in Omišalj. New tanks, pipelines and the accompanying equipment will be worth around €0.14 billion. Prime Minister Kosor feels that the construction of the tanks at the Janaf terminal in Sisak should be added to this investment cycle. With two newly built tanks there, this will end the first phase of the storage facility expansion, which is slowly becoming a strategic terminal for the diversification of oil supplies for south-eastern and central Europe, according to Janaf. Here Janaf invested €23.61 million of their own funds, and works were performed by the local Đuro Đaković consortium and Konstruktor from Split. This

increased total storage capacity for oil in the Sisak terminal to 260,000 m3. The construction of three new tanks at the Sisak terminal also started. The work is being performed by Montmontaža with a value of €21.37 million. Janaf and the government use these examples to illustrate the level of assistance it is giving to local privately owned companies in addition to public ones. Similar investment results are expected from projects concerning water supply infrastructure. The value of competing for performing work in this sector could climb to almost €110 million during the first three months of 2011. Foreign investors and concessions HE Ombla is worth roughly €0.14 billion, in addition to a further €68.5 million covering substations near Dubrovnik. The construction of the Ombla hydro power plant has been discussed


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