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EBRD Loan to Aid Reconstruction of Dubrovnik Harbour
01 Apr 2005
As more and more cruise passengers flock to Dubrovnik, one of the most popular attractions on the Adriatic Sea, a ? 26.5m EBRD loan is to be used to help modernise Gruz Harbour to meet the growing demand. The loan is part of a plan by the Dubrovnik Port Authority to upgrade its facilities.
Basic infrastructure will be modernised, including expansion of berth capacity to accommodate three new generation, 300m long cruise ships at one time.
Vlaho Durkovic, manager of the Dubrovnik Port Authority, said the berth extension is a crucial stage in the development of Dubrovnik as an attraction in the Mediterranean area.
The EBRD support has also led to the mobilisation of grants from the UK, US, Spanish, Dutch and Italian governments to pay for consultancy assistance for different stages in the development's preparation.
