Swiss company to finance construction of industrial park in Tsarigrad

The Swiss company Mercando Green Technology AG has undertaken to finance the construction of an industrial park in Tsarigrad village of Drochia district. The park's administrator SRL BioEnergAgro announced that under the financing contract signed with the Swiss company, the total investment will amount to about €25 million, Info-Prim Neo reports. Mercando Green Technology AG manager general Alfred-Andreas Watz said his team is happy to work with BioEnergAgro SRL and is ready to fully finance one of the largest energy projects in Moldova. MG-Ecotech Management Expertise will coordinate the implementation of the project. The funds will be transferred in several stages. It is expected that the first tranche, amounting to €5.4 million, will be disbursed next month. In general, the funds will be directed to farms that plan to cultivate greenery. The industrial park in Tsarigrad will be 13.49 hectares in area.

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