Investment worth 42 million lei to extend the Tetarom I industrial park in Cluj

The Cluj County Council has announced the expansion of the Tetarom I industrial park which will increase its surface by 12 hectares, supported by an investment of 42 million lei, without including the VAT. Horea Uioreanu, the President of the County Council today signed the related contract so as construction works will be initiated in about two weeks, being scheduled for completion in 17 months.

Total investment allocated to this project comes to some 10 million euro when adding the VAT, amount of which half is provided from European funds – the European Fund for Regional Development, while the other half represents the contribution of the County Council. The initial investment was also secured from European financing and covered an area of 20 hectares.

Last month, the Cluj County Council concluded the contract with four entities as associated companies to develop the fourth Tetarom park, an investment of about 36 milion euro based on the winning-offer at the construction bid.

Tetarom, a company controlled by the Cluj City Council which holds over 99 percent of its capital, manages all the industrial parks in Cluj area, Tetarom I, II, III, the latter, as well the largest one, attracting additional investments of 200 million euro from companies located there, among which Bosch, Transcarpatica or Star Storage.