Montenegro received a single binding bid in its tender for the sale of a 51% stake in state-owned rail cargo operator Montecargo. The bid of 2.5 million euros was placed by Polish company OT Logistics. The bidder also proposed a 2.55 million euros investment in the acquisition of locomotives and IT solutions.
OT Logistics wants to strengthen Montecargo’s position in the sector of international transport and logistics by achieving a leadership role on the Baltic-Adriatic corridor. It plans to increase Montecargo’s share of transportation of agriculture products through Montenegrin seaports to 50% as well as doubling the company’s total cargo volume.
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