An industrial park will be set up in Cahul town. A decision to this effect was taken by the Cabinet in its recent meeting, IPN reports.

Deputy Prime Minister and Minister of Economy Octavian Calmac said that this is a local initiative. The former dairy complex located in the town, which is owned by the Cahul District Council, can serve as an industrial platform for creating the park. There will be no need to change the purpose of the plot of 6 hectares on which the park will be set up.

Octavian Calmac noted that the building will be reconstructed and the infrastructure will be renovated during the next two years. The managing company SRL “Sud-Invest Company” will deal with the creation and rehabilitation of the technical infrastructure and administrative building, the local public authorities will connect the industrial park to public utilities, while the selected resident companies will built the production infrastructure. An estimated 80 million lei is needed for these works.

The industrial park will house companies making food products, furniture, textiles, etc. It is economically attractive due to its location close to the Giurgiulesti International Port and to the borders with Romania and Ukraine.

According to the authorities, the creation of the industrial park will have a direct impact on the economic development and industrialization level of southern Moldova. It is projected that almost 103 million lei will be attracted in direct investment in the region and that at least 440 new jobs will be created towards the end of the fifth year of work of the park.

There are now nine industrial parks on Moldova’s territory.