The International Finance Corporation (IFC) has committed $80 million to support the next phase of development at Porto Montenegro in Tivat, providing the marina and mixed-use destination with a major new institutional financing commitment. The agreement, announced on 16 July, will support the further development of the complex operated by Adriatic Marinas, with a focus on expanding year-round hospitality, maritime services and related infrastructure.
Financing to Support Infrastructure and Sustainability Measures
The IFC investment programme includes improvements in energy efficiency, water management and waste treatment, alongside the expansion of tourism and maritime-related facilities. The terms of the financing, including the maturity period, pricing structure and security package, have not been disclosed.
Porto Montenegro Attracted More Than €1 Billion in Investment
Since the start of development in 2007, Porto Montenegro has accumulated approximately €1.02 billion in investment. The new $80 million financing commitment represents additional capital for the expansion of an already established destination rather than initial project development funding. The investment provides IFC with direct exposure to Montenegro’s tourism sector, which contributes around 26 per cent of GDP and accounts for approximately 22 per cent of employment in the country.
Focus on Expanding Year-Round Economic Activity
The next development phase is aimed at strengthening activities beyond the peak summer tourism season through additional hospitality capacity, marina operations and supporting services. The project combines real estate development with a functioning marina, tourism services and related business activities. While the distribution of the new capital between property development and operational assets has not been disclosed, the financing is intended to support further expansion of the destination’s infrastructure and services.
