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Formulization of a Development Plan for the POB Free Zone in the Context of a Strategy to Privatise the Port of Bar Montenegro

Project: Formulization of a Development Plan for the POB Free Zone in the Context of a Strategy to Privatise the Port of Bar Montenegro
Completion Date: 2009
Client: European Agency for Reconstruction (on behalf of the Government of Montenegro)
Project Value: €400,000
Services Provided: Analysis of current situations; Review of opportunities and Formulation of proposals

Project Description

The specific objective of the project was to prepare a development and privatisation strategy for the Port of Bar Company for adoption by the Government of Montenegro including a development and marketing strategy for the Port of Bar Export Processing Zone. A review of the Port of Bar export processing zone highlighted a number of deficiencies with the free zone law as well as actual and potential problems with the existing site. The poor performance of the zone to date in terms of employment and export growth was noted as well as the lack of Government commitment to the development of free zones.

On the positive side improving maritime and land based transport services to and from Bar open up new opportunities. On the basis of the foregoing a detailed implementation plan for EPZ development was set out in the document. This included amendments to the law as well as proposals for the development of new sites both inside and outside the port area.

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