December 6 (SeeNews) - The privatisation agency of Bosnia's Sarajevo Canton has opened a new tender for the sale of the former hotel Igman and the associated facilities and land owned by public enterprise ZOI '84, at a 25% lower starting price compared with a previous call.
The privatisation agency is now accepting bids starting at 6.9 million marka ($4 million/3.5 million euro) and a business plan with 10 million marka of investments within three years from the signing of the contract, it said in the tender documents.
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The application deadline is December 20.
In the previous call launched in mid-September, the Sarajevo Canton sought offers with a starting price of 9.2 million marka and a business plan for 4.5 million marka of investments within three years from the conclusion of the contract.
The Canton did not say whether it has received any bids in the first call.
Hotel Igman was built for the winter Olympic Games held in Sarajevo in 1984. It was devastated during the 1992-1996 war in Bosnia.
ZOI '84 manages the sport facilities built for the winter Olympic Games on the Bjelasnica and Igman mountains.
The Sarajevo Canton is one of ten cantons forming Bosnia’s Federation entity. The Federation and the Serb Republic together form Bosnia and Herzegovina.
(1 euro = 1.95583 marka)