Montenegro approves Kotor gondola lift construction project

The government plans to sign a 30-year concession for the operation of the 3.6 km-long gondola lift, which will be built in a period of one year, it said in a statement on Thursday.

Earlier this week, Italian company Leitner expressed interest in investing 20 million euro ($22.3 million) in the construction of the gondola lift.

In May 2018, Montenegro’s government signed a 12 million euro contract with Leitner for the construction of two cableways in the municipality of Bijelo Polje. The construction works are expected to be completed in November 2019.

($ = 0.8986 euro)