24 February, 2016, Chisinau – The project of the Ministry of Economy on the Industrial Park in Cahul, shall be proposed for approval within today’s Government meeting.
According to the relevant feasibility study, the estimated investment is up to MDL 80 mln, inclusive of MDL 13 mln to be invested in technical infrastructure, renovation and land planning, MDL 62 mln. to be invested in the construction and reconstruction of the park’s buildings, MDL 2 mln. in the creation of external infrastructure. A deadline of two years was set for carrying out all the necessary works and initiating the park’s activity.
As per duties assigned, LLC "Sud- Invest Company" Managing Company will be responsible for the development and renovation of technical infrastructure and headquarter premises, the local public authority will connect the industrial park territory to public utilities, and local people will be employed in the industrial park.
The creation of the industrial park will have a direct impact on the economic development of the local tissue and increase industrialization within the region by means of enhanced annual tax collection to the state budget by approx. MDL 14 mln., attraction of direct investment in the region of almost MDL 103.9 mln., creation of at least 440 new jobs by the end of year 5, increase of the share of industry in the economy of the region / country etc.