May 9 (SeeNews) - Montenegrin company Bigova Bay will invest 400 million euro ($438.6 million) in a luxury resort in Bigova near the coastal town of Kotor, the government said on Tuesday.
Next year, the entire infrastructure for the project will be developed and discussions will be held with the hotels and restaurant operators that will take part, the government said in a statement.
Last November, the Kotor authorities signed a 6.2 million euro contract with Bigova Bay for the construction of the primary infrastructure for the project, including water supply, electricity and optics for the Donji Grbalj region, according to news provider Ekapija.
($ = 0.9119 euro)