Montenegro proposes construction of a new Tivat airport

The Government of Montenegro has proposed the construction of a new airport in Tivat to replace the current one as it is becoming too overcrowded and has long been labelled a risk to the local ecosystem. The proposed site of the new airport is south west of the site. The first phase of the project, according to the new master plan, is projected to be completed by 2017. The cost of the first phase of the project will amount to 22.6 million Euros, while the second and final phase, which would be completed by 2030, would add an extra 76 million Euros to the price tag. The European Investment Bank would provide part of the finances needed while the Montenegrin government has proposed for the rest of the project to be financed through a Public Private Partnership, a technique being used by Zagreb Airport for the construction of its new terminal. During the next three years, Airports of Montenegro, which runs Tivat, expects for passenger number to double at the airport but projects stagnation beyond 2015.