The Tetarom IV Industrial Park, the fourth industrial park in Cluj county, will be built in Feleacu village and will engulf nearly RON55 million, of which RON14.3 million are covered from non-reimbursable funds via the European Regional Development Fund.
The second project, worth around RON70 million, targets the expansion of the Tetarom I Industrial Park by an additional 168,000 square meters where several production halls and headquarters will be built and will create some 500 new jobs. Tetarom I covers 320,000 sqm and is almost 100% occupied by over 50 companies, which created over 2,000 jobs. Investments in Tetarom I are estimated at over EUR60 million.
Both projects are due for completion in July 2015.
Present at the contract signing ceremony, Regional Development Minister Liviu Dragnea said the two parks, as well as other investments, can turn Cluj into a real rival of capital city Bucharest. He also said the four industrial parks in Cluj are the best way of creating new jobs and clearly show that durable investments in creating steady jobs, not austerity measures, help guide Romania out of the economic crisis.
Cluj county council head Horea Uioreanu, in turn, said investments in the industrial parks will “further develop Cluj county and create new jobs.” (EUR1=RON4.3366)