November 27 (SeeNews) - Croatia's Mrtvaska port, on the Adriatic island of Losinj, is going to launch a 81.5 million kuna ($12 million/11 million euro) expansion project supported by European Union cohesion funds, the transport ministry said.
The contract for the financing of the project was signed last week, with the EU providing 69 million kuna towards the total cost and the state budget contributing the remainder, the transport ministry said in a statement after the signing ceremony.
The project will enable the Mrtvaska port to build a new jetty that will protect berthing vessels from winds and waves, thus increasing the security of sea transport. In addition, the planned construction of two ferry ramps and new traffic areas at the port will increase its handling capacities.
The project is part of a wider initiative of the government in Zagreb and the EU, under which more than 709 million kuna have been earmarked for improving Croatia's port infrastructure, with 85% of the amount to be provided by EU cohesion funds, the ministry said.
(1 euro=7.43435 kuna)