October 1 (SeeNews) - A tender for developing a four-star tourism project in the Croatian Adriatic city of Pula attracted no bids, local media reported on Tuesday.
No bid was submitted by the October 1 deadline, state news agency Hina reported, quoting information from the state assets ministry.
The ministry extended the deadline from August 30 upon the request of interested investors.
It opened the public call in June, inviting investors to bid for the construction rights on land plots totalling some 282,000 sq m, owned by the Croatian government and the city of Pula, and located in Pula's Hidrobaza area, for the purpose of building a four-star tourism area, including hotels, villas and/or camps, with a total of 1,200 beds.
The initial starting price for the construction rights was set at 2.32 million kuna ($341,000/313,000 euro) annually. Some 164,000 sq m of the overall area is designated for the construction of hotels, villas and/or camps.
According to earlier reports in news daily Jutarnji List, Croatian hotel operator Valamar Riviera and France's Bouygues were allegedly interested in the project.
Valamar runs the Brioni Sunny Camping site in Pula, adjacent to the Hidrobaza location.
Bouygues, on the other hand, runs via its Croatian subsidiary the Istrian Y motorwayway complex on the Istrian peninsula, where Pula is located. It is also a co-owner of Medjunarodna Zracna Luka Zagreb (MZLZ), the concessionaire of Croatia's main airport in the capital Zagreb.
(1 euro = 7.41237 kuna)