The Valcanes free economic zone activity will be extended from 25 to 37 years (until 2035), and its area will be reduced by 15.1 hectares - from 122.3 to 107.2 hectares.

The Valcanes free economic zone activity will be extended from 25 to 37 years (until 2035), and its area will be reduced by 15.1 hectares - from 122.3 to 107.2 hectares.

This includes the appropriate amendments to the law on the named FEZ, which the Parliament adopted in the final reading. As noted earlier by the authors of the bill, the administration of the Valcanes FEZ offered to change the configuration and reduce its area. In particular, it spoke in favor of excluding a plot of 24.3793 hectares from the FEZ, which is of agricultural importance, is not used now, and there is no prospect of using it in the future by attracting investors, since there are no access roads, no communications, an is a complex terrain. In addition, in order to implement industrial projects there, it will be necessary to pay compensation in connection with changing the designation of land and transferring them to another category, which will require about 50 million lei. At the same time, another land plot belonging to the Vulcanesti-Petrol joint-stock company with an area of 9.3822 hectares is planned to be included in the Valcanes FEZ. This state-owned company is currently not functioning, but its territory is attractive to investors, it has access roads, including the railway line. There is all necessary infrastructure - gas pipeline, artesian well, 2 transformer stations, and storage tanks for fuel. There is an administrative block, a warehouse, production premises. The territory of the enterprise is strictly fenced and is located near the Valcanes FEZ. At the same time, if Vulcaneşti Petrol is included in the Valcanes FEZ, the potential investor is ready to implement a large investment project for the production of biodiesel, and the approximate amount of investments will be $ 10 million. It is planned that in the case of launching an investment project for the production of biodiesel, the annual sales volume within the project will be 500-700 million lei, it is planned to create 50 new jobs. Annual allocations to the budget will be about 10 million lei. // 17.03.2017- InfoMarket.

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