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Dec 20, 2017 15:49 EEST
December 20 (SeeNews) - Adriatic Croatia International Club [ZSE:ACI-R-A] said on Wednesday it is launching a procedure to obtain a location permit for construction of a port for nautical tourism in the coastal town of Novalja.
ACI has been granted permission by the country's ministry of sea, transport and infrastructure to obtain the permit on behalf of the Croatian government, the company said in a Zagreb bourse filing.
On November 20, ACI and the municipal government of Novalja signed an agreement as the first in a series of steps to secure a concession for the construction of a marina in the area.
At the time, ACI said it plans to both build and run the future marina for nautical tourism.
Novalja is a town located on the Croatian island of Pag in the Adriatic Sea.
Opatija-based ACI operates 22 marinas.
The Croatian state, through various government agencies, owns over 78% of ACI. Dogus Marine Croatia is the second largest shareholder with a 10.87% stake.
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