Croatia to build airport in Sibenik county

The airport project will be managed by a newly established limited liability company for air transport services, according to a video recording from the weekly cabinet meeting held last week and published on the website of the government.

The government will have a 55% in the equity capital of 2,500 euro ($2,750) of the new company, the county will have a 20% stake in it and the rest will be shared among five Dalmatian towns.

The government did not disclose a planned timeframe for the construction of the airport or the expected investment value.

Tourism plays a pivotal role in the Adriatic country's economy, constituting one-fifth of Croatia's GDP.

($ = 0.910 euro)